Tagged: renaud laplanche

Upgrade Identified as Fastest Growing Card in US, Founder Renaud Laplanche Comments on Evolving Fintech Ecosystem

Upgrade has announced that it has been recognized as the fastest-growing credit card in the US by the Nilson Report. Upgrade noted that it is the first Fintech to be listed in the top 50 U.S. Visa/Mastercard Credit Card Issuers with a reported growth rate… Read More

Upgrade Gets $3.325 Billion Valuation in $105 Million Funding Round

Upgrade has raised $105 million in a Series E funding round at an upsized valuation of $3.325 billion according to a company release. Koch Disruptive Technologies (KDT), the investment subsidiary of Koch Industries, led the funding with both new and existing investors participating in the… Read More

Upgrade Adds Bitcoin Rewards Card

Upgrade, an online lender, has announced the launch of the Upgrade Bitcoin Rewards Card a new version of Upgrade Card featuring Bitcoin rewards. Under Upgrade’s new program, users may earn unlimited 1.5% Bitcoin rewards on every purchase as they make payments.  The custody and trading… Read More

Upgrade Now Offers 2% Cashback on Certain Purchases, Wants to Be Your Primary Checking Account, Plans Savings Accounts Later

Upgrade, Inc., an emerging neobank that provides credit to consumers, has announced a new mobile checking account designed to deliver better value to its users. According to a note from the Fintech, Upgrade charges no fees and lets customers earn 2% cashback on certain everyday… Read More

Upgrade Adds Cash Back Program to Credit Card Offering

Upgrade, a self-described neobank that offers credit to consumers, has launched Upgrade Card’s first cash back rewards program. According to a release, the new program earns users unlimited 1.5% cash back on every purchase they make with the card. The rewards get credited as cardholders… Read More

Finovate: Renaud Laplanche Selected as Fintech Executive of the Year, Lisa Kimball Fintech Woman of the Year

Finovate has announced its selection of individuals and firms in the Fintech sector that have had an exemplary year. This is the group’s second go at doing the Finovate Awards and this year is obviously a bit different due to the ongoing pandemic shifting events… Read More

MoneyTap, India’s First App-Based Credit Line, Enlists Renaud Laplanche to Board of Advisors

  MoneyTap, a Fintech described as India’s first App-based credit line, has enlisted the assistance of Upgrade founder and CEO Renaud Laplanche to the company’s advisory board. Laplanche is also the founder and former CEO of LendingClub, the first marketplace lending platform to go public… Read More

Renaud Laplanche Plans Upgrade Banking, Comments on Fintech’s Performance During COVID-19 Challenge

Upgrade is a consumer online lender and emerging digital bank that recently announced a significant funding round that gave the Fintech a $1 billion valuation. Founded by Renaud Laplanche, this is the second Fintech he has founded that moved into the unicorn realm the first… Read More

Upgrade Closes $40 Million Series D, Values Company at Over $1 Billion, Advised by FT Partners

Upgrade, Inc., has closed on a $40 million Series D funding round led by VC fund Santander InnoVentures – part of the global banking firm Santander Group. The new funding gives Upgrade a valuation of over $1 billion. FT Partners, the top Fintech focused investment… Read More

Upgrade CEO Renaud Laplanche: Fintech is About Using Online or Mobile Devices to Streamline Access to Financial Services

  Last month, Upgrade, Inc., a Fintech providing consumers access to credit, was named a “Best Place to Work in the Bay Area” by the San Francisco Business Times and Silicon Valley Business Journal. Upgrade was founded by well known Fintech entrepreneur CEO Renaud Laplanche…. Read More

Fintech Upgrade is Recognized as a Great Place to Work

For the third year in a row, Upgrade, Inc., a Fintech providing consumers access to credit, has been named a “Best Place to Work in the Bay Area” by the San Francisco Business Times and Silicon Valley Business Journal. Upgrade was founded by well known… Read More

Upgrade Announces New Contactless and Mobile Payment Iterations of the Upgrade Card

Online lender and aspiring neobank Upgrade has launched its first contactless-enabled Upgrade Card. The new Upgrade Card is also available in digital form through both Apple Pay and Google Pay to enable mobile payments, according to a release from the company. Upgrade notes that the World… Read More

How Fintech Can Help Fight the Coronavirus

It wasn’t supposed to be this way. Our biggest concern this year was going to be the Presidential election, or for some of us the Tokyo Olympics or the Warriors missing the NBA playoffs. Instead, the world’s population is experiencing an unprecedented shock that is… Read More

Consumer Lending Platform Upgrade Launches “Upgrade Card,” Offers Flexibility of a Credit Card at Lower Cost

Upgrade, an online consumer lending platform, has launched a new physical credit card labeled “Upgrade Card.” The card is designed to provide the convenience of a credit card combined with lower interest rates associated with installment loans. According to a release, interest rates start at… Read More

Online Lender Upgrade Recognized as Top Place to Work in San Francisco

Online Lender Upgrade, a Fintech serving the consumer credit market, has been named a “Best Place to Work in the Bay Area’”by the San Francisco Business Times and Silicon Valley Business Journal. Upgrade is the creation of  CEO Renaud Laplanche, the founder of publicly traded… Read More

Online Lender Upgrade Closes $225 Million Securitization backed by Personal Loans

Upgrade, an online lender in the consumer credit sector, has closed its second securitization of personal loans. Upgrade Receivables Trust 2019-1 (UPGR 2019-1) issued $225 million in notes backed by personal loan assets facilitated through the Upgrade platform. The Upgrade Receivables Trust securitization was rated… Read More

Upgrade Securitizes $282 Million of Personal Loans

Online lender Upgrade, Inc., has closed on its inaugural securitization of personal loans. According to the Fintech, Upgrade Receivables Trust 2018-1 (UPGR 2018-1) issued approximately $282 million in notes to nearly 20 banks and asset managers. Credit Suisse and Jefferies acted as joint lead underwriters, and… Read More

SEC Charges Former LendingClub Execs, including Founder Renaud Laplanche, with Misleading Investors, Breach of Fiduciary Responsibilities

The Securities and Exchange Commission (SEC) has charged LendingClub Asset Management LLC, and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub.  LendingClub Asset Management, Laplanche, and former CFO Carrie Dolan, also were charged with improperly adjusting fund returns. The… Read More

Consumer Credit Platform Upgrade Secures $62 Million Through Series C Funding Round Led By CreditEase Fintech Investment Fund

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CreditEase FinTech Investment Fund (CEFIF), the U.S.-based Fintech Fund of the Chinese fintech CreditEase, recently led $62 million Series C round investment for consumer credit platform, Upgrade. According to CreditEase, Upgrade, which was launched in 2016 by Renaud Laplanche, former co-founder of Lending Club and the… Read More

Renaud LaPlanche’s Online Lending Venture Upgrade Closes on $62 Million Series C

Upgrade, an online lending platform founded by Renaud LaPlanche, has closed on a Series C round  in the amount of $62 million. The funding was led by China based CreditEase Fintech Investment Fund. Laplanche previously founded LendingClub, the largest marketplace lending platform in the US…. Read More

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