I want to let you know about LendUp opens up its API to distribute safer payday lending around the world

I want to let you know about LendUp opens up its API to distribute safer payday lending around the world

Automation and work

LendUp, a for-profit and venture-backed startup from san francisco bay area, Calif. is within the company of increasing payday financing. Also it’s now opening its vault to allow other businesses provide comparable solutions via its API.

Utilizing the API, other programs and companies can incorporate LendUp’s loan-processing tools in their product that is own also build their particular economic and loan solution aided by the white-label option.

LendUp’s API includes underwriting, transaction processing, customer care, collections and conformity, and notifications. It may incorporate into mobile apps, and companies can modify which components they wish to connect to their product. And it will feed a company’s declined borrowers into LendUp’s system to assist them to get assistance that is financial LendUp rather.

“It’s the very first time that there is certainly a customer financing API,” LendUp cofounder and leader Sasha Orloff told VentureBeat. “A single API that handles all of the different aspects.”

San Francisco-based LendUp provides loans for those who can not get conventional loans from banking institutions. Continue reading “I want to let you know about LendUp opens up its API to distribute safer payday lending around the world”