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LendUp iPhone App Enables Mobile Borrowing

Fresh off its announcement of having raised $14 million in capital, alternative lender LendUp has launched its iPhone app.


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The app will enable borrowers on the go to get short-term loans of up to $250. Return customers can borrow as much as $1,000, with deposits available in as little as 15 minutes for borrowers at participating banks.
LendUp earned Best of Show honors earlier this year at FinovateSpring in San Francisco. See its winning demo here.