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June 21, 2013 11:30 pm GMT

Aiming To Disrupt Payday Lending, a16z-Backed LendUp Now Offers Instant Online And Mobile Loans

Screen shot 2013-06-21 at 12.03.03 PMY Combinator-incubated LendUp launched in October with backing from Kleiner Perkins, Andreessen Horowitz, Google Ventures, Kapor Capital and others, to bring a fresh solution to an old problem: You have to pay your bills now, but you don't have the money to pay them. Rather than turn to predatory lenders and banks, with their high interest rates, borrow money from friends or cover your eyes and hope they go away, what do you do?

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JgVSgMMUbrw/

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