Victory Park Provides $100MM LendUp Facility
Fintech lender LendUp closed a $100 million credit facility with Victory Park Capital Advisors.
March 3, 2017
LendUp | Sasha Orloff | Victory Park Capital Advisors
ABF Journal
Fintech lender LendUp closed a $100 million credit facility with Victory Park Capital Advisors.
LendUp raised $150 million in a combination of Series B round financing and an expanded credit facility. Victory Park was a participant in the financing and provided a second credit facility to support new product growth.
Victory Park Capital announced it provided a $50 million credit facility to LendUp, a direct lender focused on non-prime borrowers. The facility will be used for geographical expansion.