Installment loan company LendUp, which targets customers underserved by the credit system

Includes struck a milestone of $2 billion financed through the platform that is working. It’s delivered 6.5 million loans since its inception in 2012.

LendUp CEO Anu Shultes touts the platform’s ability to achieve a consumer base that typically can’t access signature loans from big financial institutions. The business confirmed its loan issuance milestone in belated January.

“Through our funding, training and price cost cost savings programs, we’ve helped customers raise their credit pages by thousands of points cumulatively and conserved them vast amounts of dollars in interest and costs from greater cost products and services, ” Shultes reported in a statement.

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