LendUp, a San Francisco-based fintech aggregation that has aloft over $300 actor from firms like Google Ventures and Y Combinator, is agreeable up the company, Axios has abstruse from assorted sources.
The details: The breach was abundantly borne of acknowledgment LendUp accustomed while aggravating to accession new funding, with investors not assertive that the “financial inclusion” business and agenda business absolutely formed together, let abandoned LendUp’s beyond eyes of a full-stack banking casework business for the alive poor.
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What’s next: The amount payday lending business will abide beneath the LendUp cast with founding CEO Sasha Orloff at the helm, but the aggregation is in talks to advertise off a acclaim agenda assemblage that launched aftermost year. One absorbed suitor is Philadelphia-based clandestine disinterestedness close LL Funds.
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