Tech Company Financing Transactions
LendUp Funding Round
Victory Park Capital participated in a $50 million venture round for LendUp. The funding round was announced on 4/28/2014.
Transaction Overview
Company Name
Announced On
4/28/2014
Transaction Type
Debt
Amount
$50,000,000
Round
Undisclosed
Investors
Victory Park Capital (Thomas Welch)
Proceeds Purpose
The company will use the capital to meet consumer demand. The debt allows the company to invest its equity financing on hiring, expanding to more states, and continuing to build the product.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1750 Bdwy. 300
Oakland, CA 94612
USA
Oakland, CA 94612
USA
Phone
Undisclosed
Website
Email Address
Overview
The LendUp Ladder changes the dynamics of the small dollar loan: rather than being a dangerous first step into a cycle of debt, it becomes an opportunity to learn good financial behavior and to build credit through education, gamification and a transparent fee structure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sasha Orloff
Chief Operating Officer
Sharon Olexy
Chief Technical Officer
Jacob Rosenberg
VP - Engineering
Lalit Kumar
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We do our best to record tech company VC transactions. VC transactions on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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