LendUp uses ‘big data’ to bring better small-dollar loans to people in need

Launching today, the San Francisco-based startup is using technology to experiment with lower interest rates, and ensure that loans are a way to help people move up the ladder. Unlike other small-dollar lenders, there are no hidden fees or rollovers, and loan decisions are instant.

SoFi’s CEO: ‘The student loan market is broken. Let’s fix it’ (interview)

When a startup known as Social Finance raised an astronomical $77.2 million last week to expand its new lending model to colleges and universities across the United States, it seemed almost too good to be true.