Online Lending 2.0 by Renaud Laplanche
In an insightful, data-rich presentation, Laplanche shares predictions on where online lending is heading:
Prediction 1: The growth of online lending will accelerate in the next 15 months.
Prediction 2: An organized secondary market for online loans will emerge in the next 15 months.
Prediction 3: Continued re-building will give birth to at least one major consumer product innovation in the next 15 months.
Upgrade is an online lending platform that combines personal loans with free credit monitoring, helping people secure affordable credit. Two members of the founding team, Renaud Laplanche and Soul Htite, are the co-founders of Lending Club, a pioneer in marketplace lending that facilitated over $28 billion, extending credit to nearly 2 million American families over the last decade. Soul also founded Dianrong, one of the largest marketplace lending platforms in China.