286:. Laplanche had gotten the idea for the new company at the time when he started TripleHop and found that his credit card carried an 18% interest rate, while he was only earning 1.5% from the bank on high yield certificates of deposit. He thought that by connecting investors directly with borrowers, he could cut the banks out of the equation and deliver lower rates for borrowers and higher returns for investors. LendingClub first launched on Facebook to leverage existing connections among users for testing users' trust and willingness to help one another financially, and to gather user feedback about the new service. At that time, LendingClub was one of Facebook's first applications.
31:
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and MatchPoint was integrated with Oracle's other products. Laplanche reportedly earned 10 million USD from the acquisition. He moved to
California and from June 2005 to October 2006 worked at Oracle as the Head of Product Management, Search Technologies, managing integration and overseeing sales of
237:
for correlating related topics, created a user profile for each user on the basis of user's search history to tailor query results to particular users, and permitted context-sensitive search where queries were expanded by synonyms from domain-specific thesaurus-type taxonomies.
313:
In August 2016, Laplanche along with other former
Lending Club executives started the fintech company, Upgrade, Inc. The company provides credit and mobile banking products. Upgrade has raised over $ 122 million in venture capital from several investors.
354:
in 23 hours, 9 minutes, and 52 seconds at the average speed of 27 knots. Between April 1 and
September 22, 2015, Laplanche and the crew of the Lending Club 2, a 105-ft maxi-trimaran, held the speed record for sailing from
337:
In 2013 he received an Ernst & Young
Entrepreneur Of The Year award for the Northern California region and was a national finalist. In September 2020, Laplanche was named Fintech Executive of the Year by Finovate.
194:.He initially worked in Parisand later moved to New York. During his tenure, Laplanche handled various cases involving mergers, acquisitions, joint ventures, and investment transactions involving technology companies.
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company. By June 2012, the company had raised $ 100 million in venture capital. LendingClub completed its IPO on
December 10, 2014. The stock price increased 56% on its first day of trading.
1076:
134:
company, for a decade. Before his tenure at
Lending Club, he also co-founded and led TripleHop Technologies, the maker of the MatchPoint software, which was subsequently acquired by
317:
In
November 2021, Upgrade grew 83% in valuation over four months to $ 6.28 billion after raising $ 280 million in a Series F funding round led by Coatue Management and DST Global.
706:
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On May 9, 2016, Laplanche resigned from his position as CEO following an internal investigation that found a violation of the company's business practices had occurred.
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and others) as their preferred search engine and attracted the attention of major software vendors. In June 2005, TripleHop
Technologies was acquired by
472:
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817:
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601:
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In 2003 TripleHop launched its MatchPoint crawler and search engine for enterprise content. The engine provided a single search point for
627:
191:
989:
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856:
716:
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334:
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In 2010, after receiving $ 12 million in funding from venture capital investors, Laplanche developed
LendingClub into a full-scale
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1111:
202:
In New York, Laplanche soon left the law offices and, in 1999, jco-founded a software company named TripleHop
Technologies with
974:
900:
1132:
150:. He was interested in sailing and raced competitively on the national level, winning the French sailing championships on
162:
65:
1090:
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of the fintech company, Upgrade, Inc. Prior to founding the company, Laplanche co-founded and served as the CEO of
1205:
299:
Laplanche later entered into an agreement with the SEC to settle the issue with no admission of responsibility.
538:
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1077:"Finovate: Renaud Laplanche Selected as Fintech Executive of the Year, Lisa Kimball Fintech Woman of the Year"
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771:
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413:"France cheers and weeps as Lending Club IPO makes Renaud Laplanche fantastically rich... in the U.S."
346:
Since April 2015, Laplanche and co-skipper Ryan Breymaier have held the speed record for sailing from
190:
From 1995 to 1999, Laplanche worked as a securities lawyer and senior associate at the law offices of
1200:
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131:
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975:"Lending Club founder Renaud Laplanche opens up on his 'frustrating' exit and new startup Upgrade"
435:
393:
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214:. TripleHop suffered major losses, including its computers and recently developed software code.
135:
119:
83:
747:
30:
960:"Lending Club founder Renaud Laplanche is back with a new startup and $ 60 million in funding"
751:
501:
222:
938:"After much drama, LendingClub founder Renaud Laplanche gets a slap on the wrist by the SEC"
230:
151:
1009:"Credit card start-up Upgrade jumps 83% in valuation in just four months to $ 6.28 billion"
367:. Between July 15, 2015, and May 17, 2017, Laplanche also held the Transpac record between
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677:"List of Business Offices, Tenants, and Companies in the World Trade Center (WTC)"
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333:
Entrepreneur of the Year award in 2002 and again in 2014. and is a member of the
711:
283:
206:. he company operated from an office located in the North Tower of the New York
843:
676:
990:"Renaud Laplanche, ousted at Lending Club, returns as Rival to his old firm"
330:
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61:
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Laplanche studied business and law. He received a post-graduate DESS-DJCE (
887:
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Renaud Laplanche, CEO, Lending Club is interviewed by David Kirkpatrick
351:
1032:
606:
360:
326:
147:
225:(databases, e-mail, file and document systems, the internet), used
920:"Lending Club, Leading Online Lender, Says Its Chief Has Resigned"
356:
1013:
871:
154:, 13.5 ft, one-sail, one-man sailboats, in 1988 and 1990.
795:"Interview with Renaud Laplanche, CEO of Lending Club, Part 1"
250:
242:
166:
1226:
People associated with Cleary Gottlieb Steen & Hamilton
473:"LendingClub Founder and CEO, Renaud Laplanche – Interview"
1133:"Lending Club breaks Cowes-Dinard record - The Daily Sail"
846:
LeWeb Paris 2012, 6 December 2012. Retrieved 29 March 2013
1196:
American chief executives of financial services companies
394:"Ousted Lending Club chief boosts volumes at new venture"
325:
Laplanche was named Entrepreneur of the Year at the 2012
628:"Renaud Laplanche: Best investments, career highlights"
707:"Entretien avec Renaud Laplanche, CEO de LendingClub"
241:
MatchPoint was adopted by many U.S. media companies (
97:
89:
75:
57:
49:
37:
21:
739:
1091:"Sailing to world records on LendingClub's yacht"
869:Lending Club CEO on Getting a Loan Without a Bank
146:Renaud Laplanche was born in 1970 and grew up in
1112:"LendingClub Shatters Newport To Bermuda Record"
859:ABC News 6 January 2011. Retrieved 15 March 2013
857:New Ways to Get a Loan Without Going to the Bank
742:Homeland Security Techniques & Technologies
700:
698:
696:
694:
1055:"Congratulations to our 2013 Award Recipients"
436:"Lending Club prospectus (government filings)"
537:. Prendismo. January 15, 2008. Archived from
282:In 2006 Laplanche left Oracle and co-founded
8:
901:"LendingClub shares debut to 56% stock rise"
535:"Renaud Laplanche: Biography and interviews"
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602:"Making Personal Loans For Fun And Profit"
595:
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29:
18:
1161:"Lending Club 2 Shatters TransPac Record"
1029:"Les lauréats des BFM AWARDS à New York"
874:14 March 2013. Retrieved 16 March, 2103
1147:"Phaedo 3 Shatters Cowes-Dinard Record"
496:
494:
430:
428:
426:
424:
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384:
161:) degree in Tax and Corporate Law from
885:Mary Meeker breaks her investment fast
563:Robert, Virginie (November 30, 2005).
705:Ohayon, Ouriel (September 11, 2007).
600:Barret, Victoria (December 2, 2010).
101:TripleHop Technologies (MatchPoint),
7:
890:6 June 2012. Retrieved 15 March 2013
772:"Acquisitions: Oracle and TripleHop"
466:
464:
462:
460:
392:McLannahan, Ben (6 September 2017).
192:Cleary Gottlieb Steen & Hamilton
186:Cleary Gottlieb Steen & Hamilton
411:O'Brien, Chris (12 December 2014).
375:in 3 days, 8 hours, and 9 seconds.
371:and the Diamond Head lighthouse in
988:Popper, Nathaniel (6 April 2017).
793:Louis Bedigian (January 3, 2011).
626:Louis Bedigian (January 4, 2011).
14:
1211:Businesspeople from San Francisco
1186:American financial businesspeople
502:"Lending Club company leadership"
475:. Center Networks. Archived from
233:and concept-based retrieval, and
114:(born 1970) is a French-American
918:Corkery, Michael (May 9, 2016).
818:"Brother, Can You Spare a Loan?"
746:. Charles River Media. pp.
1216:French financial businesspeople
1007:Son, Hugh (November 16, 2021).
958:Loizos, Connie (6 April 2017).
565:"Un champion de l'opiniâtreté"
471:Allen Stern (August 6, 2007).
335:Young Presidents' Organization
165:, Montpellier, France, and an
1:
445:. August 15, 2011. p. 88
329:Awards. He was the winner of
1191:American business executives
816:Walker, Rob (May 14, 2009).
210:, that was destroyed in the
122:. He is the co-founder and
1242:
306:
163:Université de Montpellier
66:Université de Montpellier
28:
675:Gary Stock (June 2005).
291:person-to-person lending
274:search engine products.
142:Early life and education
1221:French chief executives
235:collaborative filtering
973:Williams-Grut, Oscar.
227:Support Vector Machine
198:TripleHop Technologies
175:London Business School
173:in Paris, France, and
70:London Business School
348:Newport, Rhode Island
1149:. 23 September 2015.
738:Mena, Jesus (2004).
212:September 11 attacks
132:peer-to-peer lending
16:American businessman
977:. Business Insider.
907:. 11 December 2014.
774:. Oracle. June 2005
247:Turner Broadcasting
171:HEC Business School
1035:. October 20, 2012
924:The New York Times
649:Nazikian, Franck.
271:Oracle Corporation
208:World Trade Center
136:Oracle Corporation
120:business executive
84:Business executive
719:on March 23, 2012
651:"Franck Nazikian"
541:on August 8, 2013
223:unstructured data
109:
108:
90:Years active
1233:
1206:HEC Paris alumni
1165:
1164:
1163:. July 20, 2015.
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790:
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715:. Archived from
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508:. March 28, 2012
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479:on March 8, 2012
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112:Renaud Laplanche
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23:Renaud Laplanche
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398:Financial Times
391:
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365:English Channel
344:
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311:
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229:algorithms for
204:Franck Nazikian
200:
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105:, Upgrade, Inc.
68:
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58:Alma mater
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369:Long Beach, CA
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307:Main article:
304:
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279:
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267:New York Times
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130:, an American
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342:Personal life
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1115:. Retrieved
1106:
1096:February 12,
1094:. Retrieved
1085:
1070:
1058:. Retrieved
1049:
1037:. Retrieved
1023:
1012:
1002:
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983:
968:
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943:February 12,
941:. Retrieved
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821:
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788:
776:. Retrieved
766:
741:
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721:. Retrieved
717:the original
710:
681:. Retrieved
679:. UnBlinking
670:
658:. Retrieved
654:
644:
632:. Retrieved
605:
574:. Retrieved
568:
543:. Retrieved
539:the original
510:. Retrieved
506:Lending Club
481:. Retrieved
477:the original
447:. Retrieved
443:Lending Club
406:
397:
387:
373:Oahu, Hawaii
345:
324:
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298:
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288:
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216:
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169:degree from
156:
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128:Lending Club
116:entrepreneur
111:
110:
103:Lending Club
93:1995–Present
80:Entrepreneur
1201:1970 births
1075:Alois, JD.
1039:October 30,
712:Tech Crunch
363:across the
321:Recognition
284:LendingClub
278:LendingClub
50:Nationality
1175:Categories
379:References
219:structured
905:USA TODAY
801:April 17,
797:. Bezinga
630:. Bezinga
570:Les Échos
512:March 28,
263:Dow Jones
255:USA Today
62:HEC Paris
1060:June 27,
829:April 4,
778:April 2,
723:April 5,
683:April 2,
655:HUFFPOST
634:April 1,
576:April 2,
545:April 5,
483:April 1,
449:April 2,
259:ABC news
231:indexing
888:Reuters
748:179–180
352:Bermuda
303:Upgrade
1033:BFM TV
754:
660:8 July
607:Forbes
361:Dinard
181:Career
152:Lasers
148:France
53:French
44:France
439:(PDF)
357:Cowes
1119:2020
1098:2020
1062:2013
1041:2012
1014:CNBC
945:2020
872:CNBC
831:2012
803:2012
780:2012
752:ISBN
725:2012
685:2012
662:2022
636:2012
578:2012
547:2012
514:2012
485:2012
451:2012
221:and
159:J.D.
118:and
41:1970
38:Born
359:to
350:to
331:HEC
327:BFM
251:AOL
243:CNN
167:MBA
124:CEO
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
