In this week’s PeerIQ Industry Update they cover the uncertainty from the recent Fed meeting about whether or not there...
Renaud Laplanche launched his new online lending firm at the beginning of April; Upgrade raised $60 million for its launch and is reportedly valued at $168 million; the company will compete directly with many unsecured consumer lenders offering loans from $2,000 to $50,000; a key part of the offering will be a mobile app to help borrowers manage their finances which has yet to be released. Source
While giving a keynote speech at LendIt Europe 2017 Upgrade CEO Renaud Laplanche laid out his three biggest predictions for the near future; the growth of online lending will accelerate in the next 15 months, a meaningful secondary market will develop and rebundling will give birth to one major consumer product innovation in the next 15 months. Source.
Mastercard expands cryptocurrency program to allow more firms to issue cards on its network Inside Betterment’s move into banking with...
There are still funding rounds getting done during the pandemic, evenly solidly up rounds; Renaud Laplanche’s Upgrade has just closed...
In his interview with AltFi, Laplanche reflects on his experience at LendingClub and how that has helped him shape his...
Renaud Laplanche has announced the launch of a new online consumer lending platform called Upgrade; the firm's investors include Apoletto, CreditEase, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Union Square Ventures, Uprising and Vy Capital; the firm will partner with WebBank for loan originations and plans to sell its loans to institutional investors; it is working with Jefferies on its capital markets strategy and a loan securitization program; the firm also has plans to use blockchain for data management and transactions. Source
While the personal loan has been around for centuries and the credit card has been around for decades they have...
When Renaud Laplanche started Upgrade in 2017 there were high expectations that the fintech pioneer would be breaking new ground...
After the Bust, Are Bitcoins More Like Tulip Mania or the Internet? Google’s Ulku Rowe on how innovative financial services...