Mission Lane is a purpose-driven credit card company that leverages advanced technology, data analytics, and machine learning to provide a dignified customer experience to people who are working hard to build or rebuild their credit.
Mission Lane's credit cards have terms that are better and easier to understand than most of the alternatives available to people with less-than-pristine credit or limited credit history.
Mission Lane was previously operated as the credit card division of LendUp, and established as a standalone company in December 2018. The company is headquartered in San Francisco, California, and has offices in Richmond, Virginia and San Francisco, California to Washington state, Pennsylvania, New York, New Jersey, and Toronto, Ontario.
Mission Lane's digital self-service tools also make it easier for customers to stay on top of their accounts, further helping them succeed in improving their credit scores. To date, the company has issued hundreds of thousands of their best-in-class, mobile-first credit cards, earning top customer ratings on CreditKarma for their market segment.
Mission Lane combines modern technology and advanced data and analytics with deep industry experience to deliver better products and experiences for people trying to build or rebuild their credit.
Mission Lane is backed by Goldman Sachs, Invus Opportunities, Oaktree, LL Funds, QED Investors among others. The company raised $200M from a "Series A" financing on Sep 17, 2019. The company has also secured $300 million in debt financing from Goldman Sachs and Oaktree. Bringing Mission Lane's total funding to $500M to-date.