San Francisco-based LendUp is breaking up because investors place greater value on the fintech’s two main lines of business as separate operations.
While LendUp remained tight-lipped on the break-up, observers expect one arm of the company to focus on its original business of making loans to borrowers that don’t meet traditional lenders’ requirements in terms of credit scores, income stability and other factors. The newer part of the business, which focuses on issuing credit cards to similar…
