Renaud Laplanche, the founder and former CEO of LendingClub Group, recently launched a new lending startup called Upgrade.
Renaud received his MBA from HEC Paris in 1995. Following his studies, he joined the law offices of Cleary Gottlieb Steen & Hamilton, where he worked as a senior associate. In 2000, he founded his first software company, TripleHop Technologies. Three years later, TripleHop launched MatchPoint, a web crawler and search engine for entreprise content and was used by such media companies as CNN, AOL, USA Today, the Dow Jones and the New York Times. Triplehop was acquired by Oracle Corporation in 2005.
In 2006, Renaud co-founded Lending Club. By connecting investors directly with borrowers, he found a way to bypass the intermediary banks and subsequently allow borrowers to have a lower interest rate while providing investors with higher returns. In its first few years of operation, Lending Club was able to raise $100 million in venture capital. The company completed its IPO on the NYSE in December 2014. Renaud left the company in 2016. His latest venture, Upgrade, is currently supported by $60 million in investment.
Awards and Honors
- French Sailing Champion (1988 & 1990)
- Entrepreneur of the Year (2002), BFM Awards
- HEC Entrepreneur of the Year (2012)
- Entrepreneur of the Year (2013)- Northern California, Ernst & Young
- Economist Innovation Award, Consumer products category (2014)
- "best start-up CEO to work for", Business Insider