Firm's tenth fund will focus on early stage IT companies
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Lending Club is a social lending network where members can borrow and lend money among themselves at better rates.
Lending Club provides a much improved infrastructure for social lending: state-of-the-art technology to authenticate all users (ensuring making sure they are who they say they are); credit scoring systems which rate borrower risk; and, the automated clearing house (ACH) system to move the funds between both parties. In addition, we provide our LendingMatch™ system to minimize risk and allow community based lending.
Renaud Laplanche (CEO):
Prior to founding Lending Club, Renaud Laplanche was the Founder & CEO of TripleHop Technologies, a VC-backed enterprise software company acquired by Oracle Corporation in June 2005. Prior to founding TripleHop, Renaud was a Senior Associate at New York law firm Cleary Gottlieb Steen & Hamilton. Renaud was honored with the HEC "Entrepreneur of the Year" award in 2002 and won the French sailing championship twice, in 1988 and 1990.