This post is part of our live coverage of FinovateSpring 2013.
Socially responsible lending to the underbanked? Meet LendUp and their program to use small dollar loans to help borrowers build credit.
“The LendUp Ladder changes the dynamics of a small dollar loan; rather than being a dangerous first step into a cycle of debt, small dollar loans become an opportunity to learn good financial behavior and to build credit.”
Product Launched: October 2012
HQ Location: San Francisco, California
Company Founded: November 2011
Presenting Sasha Orloff (CEO & Co-Founder) and Jacob Rosenberg (CTO & Co-Founder)