The Paypal and GV-backed online lending platform will spin out its credit card business following its latest funding round.

LendUp, a US-based online lending platform backed by corporates Alphabet and PayPal, has raised an undisclosed sum in a round co-led by investment firm LL Funds and private equity firm Invus Opportunities. The round included venture capital firm QED Investors and followed an investment of undisclosed size by payment technology provider PayPal in June 2017.…

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