LendUp Overview
- Year Founded
-
2012
- Status
-
Out of Business
- Employees
-
40
- Latest Deal Type
-
Out of Business
LendUp General Information
Description
Provider of online lending services intended to redefine financial services for the emerging middle class. The company's services provide technology-enabled loans and credit cards to people with low credit scores and volatile incomes repayable on an installment basis, thereby enabling clients to improve their financial health at lower costs.
Contact Information
Website
www.lendup.comCorporate Office
- 1750 Broadway
- Suite 300
- Oakland, CA 94612
- United States
Corporate Office
- 1750 Broadway
- Suite 300
- Oakland, CA 94612
- United States
LendUp Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
12. Out of Business | 01-Jan-2022 | Completed | Out of Business | |||
11. Secondary Transaction - Private | 01-Jun-2021 | Completed | Generating Revenue | |||
10. Later Stage VC | 10-Jan-2019 | Completed | Generating Revenue | |||
9. Later Stage VC | 28-Jun-2017 | Completed | Generating Revenue | |||
8. Debt - General | 02-Mar-2017 | Completed | Generating Revenue | |||
7. Later Stage VC (Series C) | 01-Jun-2016 | Completed | Generating Revenue | |||
6. Early Stage VC (Series B) | 20-Jan-2016 | Completed | Generating Revenue | |||
5. Early Stage VC (Series A1) | 01-Apr-2015 | Completed | Generating Revenue | |||
4. Debt - General | 28-Apr-2014 | $50M | $68.6M | Completed | Generating Revenue | |
3. Early Stage VC (Series A) | 12-Nov-2013 | $14M | $18.6M | Completed | Generating Revenue |
LendUp Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series C | ||||||||
Series B | ||||||||
Series A-1 | ||||||||
Series A | 36,163,345 | $0.000002 | $0.03 | $0.4 | $0.4 | 1x | $0.4 | 19.33% |
Seed | 17,331,520 | $0.000002 | $0.02 | $0.27 | $0.27 | 1x | $0.27 | 9.26% |
LendUp Comparisons
Industry
Financing
Details
LendUp Competitors (26)
One of LendUp’s 26 competitors is Fundbox, a Venture Capital-Backed company based in Plano, TX.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Fundbox | Venture Capital-Backed | Plano, TX | ||||
Fundera | Formerly VC-backed | New York, NY | ||||
Avant (Chicago) | Private Equity-Backed | Chicago, IL | ||||
LendingTree | Formerly VC-backed | Charlotte, NC | ||||
Prosper (Consumer Finance) | Venture Capital-Backed | San Francisco, CA |
LendUp Patents
LendUp Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
US-20140229363-A1 | System and method to request and collect information to determine personalized credit | Inactive | 13-Feb-2013 | ||
US-20150170271-A1 | System and method to request and collect information to determine personalized credit | Inactive | 13-Feb-2012 |
LendUp Signals
LendUp FAQs
-
When was LendUp founded?
LendUp was founded in 2012.
-
Where is LendUp headquartered?
LendUp is headquartered in Oakland, CA.
-
What is the size of LendUp?
LendUp has 40 total employees.
-
What industry is LendUp in?
LendUp’s primary industry is Specialized Finance.
-
Is LendUp a private or public company?
LendUp is a Private company.
-
What is LendUp’s current revenue?
The current revenue for LendUp is
. -
How much funding has LendUp raised over time?
LendUp has raised $374M.
-
Who are LendUp’s competitors?
Fundbox, Fundera, Avant (Chicago), LendingTree, and Prosper (Consumer Finance) are some of the 26 competitors of LendUp.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »