Fintech startup EarnUp raises $3 mln in seed funding

San Francisco-based EarnUp, a provider of an automated loan-payment platform, has launched and announced it has raised $3 million in seed-stage funding from Blumberg Capital, Kapor Capital and Camp One Ventures. The company has been bootstrapped to date and the seed funding is the company’s first institutional round. David Blumberg, founder and managing partner of Blumberg Capital, has joined the board as part of the seed financing. EarnUp is still in private beta and expects the app to be available later in the year.