LendUp, a San Francisco, CA-based socially responsible lender, received a $100 million credit facility.
Victory Park Capital provided the financing.
The company will use the facility to fund future loan growth.
Led by Sasha Orloff, CEO and co-founder, LendUp is a socially responsible lender offering technology-enabled loans and credit cards supported by embedded financial education and a focus on improving credit.
The company, which also has offices in Richmond, VA, originated more than 3.3 million loans and surpassed $1 billion in loan originations since its inception in 2012. It is backed by more than $325m in equity and debt financing from investors including Google Ventures, Victory Park Capital, Y-Combinator, QED Investors, Susa Ventures, Data Collective, Kleiner Perkins, Andreessen Horowitz Seed Fund, Kapor Capital, Yuri Milner, Thomvest Ventures, Bronze Investments, and others.