LendUp Adds Instant Online, Mobile Loans

What's Next In Payments®
4:47 PM EDT June 23rd, 2013

Short-term lending startup LendUp is now offering “instant” online and mobile loans, according to TechCrunch.

LendUp can now deposit money into accounts in as little as 15 minutes, as opposed to the four-day process that many other services offer. TechCrunch notes that -participating banks currently offer instant direct deposits and loan decisions through LendUp. Users with non-participating banks have to wait to receive loans until the next business day.

PYMNTS.com spoke with Sasha Orloff, cofounder and CEO at LendUp, shortly after his platform launched last October.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
News
Credit Unions, Retail Groups Finger-Pointing On Payment Security
Merchant Innovation
Q3 Results Highlight Groupon’s Growing Pains
International
Alibaba Protects Its 11/11 “Singles Day” Turf
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Apple Pay Tracker
USA Today Compares MCX To The Three Stooges. Unfavorably
Apple Pay Tracker
Apple Pay Faceoff
International
Korean Tech Companies Shifting B2C Focus to B2B Market
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
View All Articles ››