Although unclear the exact amount, the digital payments company has invested in the non-prime lender as LendUp looks to expand its financial product set.
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LendUp gets strategic investment from PayPal and adds to its executive team
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“I think the common theme amongst everybody is… when you’ve built a career in financial services, you realize the change that software can do,” Orloff told me. Add in a mission-driven streak, and he believes LendUp is recruiting people who want to see better financial services in the world. After all, as Orloff said, “We pay more than a non-profit and much less than a bank, so it takes the right type of person.”
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