LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it received a strategic undisclosed sum investment from PayPal. While sharing details about the investment, Sasha Orloff, LendUp co-founder and CEO, stated:
“PayPal has long been considered at the forefront of fintech innovation, reinventing payments for the modern world. They’ve since built one of the most successful fintech companies of all time. We share a common vision of how technology can democratize industries, and that’s exactly what LendUp is doing. We’re building our own technology to create new financial products and experience for the 56 percent of Americans shut out of mainstream banking due to poor credit or income volatility – right on a mobile phone. We’re thrilled to count PayPal among our esteemed investors, and look forward leveraging their insights as we continue to build a milt-product company.”
LendUp went on to also announce it has appointed Metromile CFO, Carrie Dolan, as its new board advisor. Prior to joining Metromile, Dolan served as the founding CFO of Lending Club, where she managed the company’s IPO. She revealed:
I’m thrilled to become a board advisor to LendUp. I’m impressed with the company’s dedication to the mission of expanding credit access, lowering the cost of credit and improving financial health for people who need it most. I’m confident that my experience can help them as they evolve from a fast growing startup into the industry leader, defining a new category of purpose-driven fintech.”
Orloff then added:
“Carrie is so well-respected as a highly ethical leader and strategic thinker, and I couldn’t be move excited for LendUp to benefit from her experience as the founding CFO of Lending Club and from leading one of the largest tech IPOs ever.”
Sponsored Links by DQ Promote
Reg A - Form 1-A Filings Beta
Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.
YTD: Jan 1, 2026 - Oct 22, 2026 vs Jan 1, 2025 - Oct 22, 2025
Share this graph
Number of Filings130Prior 125 +4.0%
Target Raise, Total$3.37BPrior $3.54B -4.7%
This YTD
Year prior
Change
Filings
130
125
+4.0%
Target raise
$3.37B
$3.54B
-4.7%
Sponsored by
the Crowded Media Group
the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us@CrowdfundInside
This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it and agree to our terms of service.
“PayPal has long been considered at the forefront of fintech innovation, reinventing payments for the modern world. They’ve since built one of the most successful fintech companies of all time. We share a common vision of how technology can democratize industries, and that’s exactly what LendUp is doing. We’re building our own technology to create new financial products and experience for the 56 percent of Americans shut out of mainstream banking due to poor credit or income volatility – right on a mobile phone. We’re thrilled to count PayPal among our esteemed investors, and look forward leveraging their insights as we continue to build a milt-product company.”
I’m thrilled to become a board advisor to LendUp. I’m impressed with the company’s dedication to the mission of expanding credit access, lowering the cost of credit and improving financial health for people who need it most. I’m confident that my experience can help them as they evolve from a fast growing startup into the industry leader, defining a new category of purpose-driven fintech.”
