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Upgrade founder and former Lending Club founder Renaud Laplanche discusses his new venture, which is now originating $100m of loans per month, and what he has learned from his Lending Club days. Two lessons discussed at length are a) engaging customers in a deeper way (other than just lending) and b) sourcing institutional capital at lower cost than retail capital.
That is not to say that the journey has been all rosy or that we now have all the answers. However, with Renaud Laplanche at it again building Upgrade, leveraging the principles he dubs Online Lending 2.0, you can be sure that the future is bright for the lending markets. What I love most about what Renaud and his team are building at Upgrade is that he literally has taken all of the opportunities for improvement that were identified at LendingClub, and is finding ways to make them strengths in version 2.0! From better ways of managing customers financial health with free resources Credit Health and Credit Health Insights, to sourcing more affordable capital, Upgrade seems poised for immense success. Hear more about Renaud’s journey and what he and his team are up to at Upgrade below!
https://www.simpleinnovativechange.com/founding-father-online-lending-renaud-laplanche/
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