LendUp fights big banks with $47M for compassionate credit cards

{rss:content:encoded} LendUp fights big banks with $47M for compassionate credit cards http://ift.tt/2bPZiny http://ift.tt/2bPYTS0 August 22, 2016 at 11:54PM  Banks win when the poor lose. Credit cards can trap people in debt and bleed them dry with late fees. But it’s this exploitative experience that makes banks vulnerable to fintech startups like LendUp that are willing to undercut them and make up margin with software efficiency. It’s that strategy of building an enduring consumer banking brand on the principle of compassion that… Read More