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
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
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
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
Upgrade, Inc. has announced a new consumer product entitled “Personal Credit Line.” The new product was revealed during the annual LendIt Fintech conference in San Francisco. The line of credit is designed to combine the low cost, fixed rate and monthly amortization of personal loans… Read More
Upgrade, Renaud Laplanche’s newest online lending startup , has been recognized the number one personal loan platform by Lending Tree – according to Q4 customer reviews. LendingTree’s rankings are based on a weighted average of overall rating and the total volume of customer reviews and… Read More
As the alternative lending sector matures, the general atmosphere of its flagship event LendIt takes a different tone. The tone of this year’s Lendit Europe was down-to-earth. Hype was out. Business in. Even the discussions about artificial intelligence and blockchain were imbued with much realism…. Read More
Upgrade, Inc., the new consumer online lender launched by LendingClub founder Renaud Laplanche, has announced the appointment of John Dye as General Counsel. Dye migrates over to the Fintech firm from Western Union where he was Executive Vice President, General Counsel and Secretary of the… Read More
Renaud Laplanche, an icon of the online lending industry, has been added as a keynote speaker to the roster of headliners at the forthcoming LendIt Europe event taking place this October. Laplanche founded LendingClub in 2006 as a peer to peer lending platform designed to… Read More
Familiar Faces This is the second year that I travelled to China for the LangDi FinTech Conference in Shanghai. What a difference a year makes? Last year, the conference had a massive showing of over 1,300 attendees. This year, the conference nearly doubled to 2,400… Read More
At LendIt USA, it used to be a tradition that former Lending Club CEO delivered the opening keynote address on day one of the event. That all changed after 2016 when Laplanche was forced to resign from the company he founded. After several months in… Read More
Renaud Laplanche, the founding CEO of Lending Club, has announced the launch of a new consumer credit platform aptly entitled Upgrade. The online lender was described as a new iteration of online lending that combines the best of marketplace lending and consumer services such as… Read More
Earlier this week, Crowdcube success Pavegen announced its product upgrade during an event at BAFTA. Last summer, the company secured over £2 million during the equity crowdfunding round. Its technology converts footsteps into electricity, making it possible to power services in high-footfall locations, as well as provide real-time data for analytics. Pavegen revealed its… Read More
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