Company Profile Summary. Venmo, a subsidiary of Paypal (eBay), is a company that provides person-to-person payment services using its smartphone application. Venmo was founded by Andrew Kortina and Iqram Magdon-Ismailin in 2009 and maintains headquarters in San Francisco, CA.
What are the minimum credit requirements to receive a loan? Borrowers on Upstart must have a minimum FICO score of 620 as reported by a consumer reporting agency. Note, we do accept applicants with insufficient credit history to produce a FICO score. In addition, there cannot be any material adverse change in your credit report from the time the loan was offered to you and your funding.
An Upstart loan can provide a solid foundation if you make your payments on time. The company provides your loan payment history to the Trans Union credit bureau, which can help increase your credit score over time. On the flip side, they also report late payments, which can damage your credit so be sure to be timely on a regular basis.