When Renaud Laplanche launched hist latest lending start up, Upgrade, the venture was both quite similar to and yet quite different from his previous endeavor, LendingClub, the platform that made “marketplace lending” a household phrase in the U.S. While pleased with everything Lending Club was...
When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business lending was done through traditional banks, and to say that peer-to-peer (P2P) or marketplace lending was nascent would be overly generous. LendingClub was one...
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as we all know and have witnessed, American lives are full of second, third and, in some cases, even fourth acts. Just ask any entrepreneur. Which leads...
LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. According to a report in Fortune, Upgrade of San Francisco, Calif., raised $60 million in equity and...
July 27, 2023
The build vs. buy debate is a perennial one in technology, and in payments. For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to more consumers, and to broaden its own portfolio of payment options — specifically in the red-hot buy now, pay later (BNPL) space — the decision […]
August 23, 2018
When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business lending was done through traditional banks, and to...
July 18, 2017
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as we all know and have witnessed, American lives are full of...
August 23, 2018
When Renaud Laplanche launched hist latest lending start up, Upgrade, the venture was both quite similar to and yet quite different from his previous endeavor, LendingClub, the platform that made “marketplace lending” a household phrase in the U.S. While pleased with everything Lending Club was able to do in its capacity as a lender, when […]
April 07, 2017
LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. According to...
November 17, 2016
There are second acts in financial services, it seems — or at least interesting attempts at them. Renaud Laplanche, Lending Club’s former CEO, is back with a new internet lending...
June 13, 2016
The waves hitting the online lending pool seem to be coming nonstop. Lending Club talked down its numbers on loans being sold to investors, with the additional disclosure, as noted by The Wall...
