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  • Rentomojo investor Renaud Laplanche joins MoneyTap as advisor, targets global expansion for the startup

    Published on August 10, 2020

    Bengaluru: MoneyTap, India’s first app-based credit line, announced the appointment of Renaud Laplanche, CEO & Co-founder, Upgrade, to their board of advisors. 

    Renaud Laplanche, a San Francisco based serial entrepreneur with the rare distinction of being the founding CEO of two Unicorns – private companies with $1B valuations – in the Silicon Valley, joins the advisory board of MoneyTap with 25+ years of professional experience under his belt. He has started several highly successful companies including MatchPoint (acquired by Oracle), LendingClub (IPO), and most recently, Upgrade, Inc. Upgrade is the only Neobank backed by one of the world’s top 10 largest banks. Under his leadership, Upgrade, Inc reached $100 million in revenue and a $1Billion in valuation, within three years of launch.

    An HEC/London Business School alum with a specialisation in finance, a serial entrepreneur and a fintech pioneer, Renaud’s strategic vision will help MoneyTap take things even farther with its innovative, flagship product offerings. His deep passion for Responsible Credit to consumers, focus on user experience and working with global debt markets will further accelerate MoneyTap’s aggressive growth trajectory.

    Prior to Upgrade, Renaud ran LendingClub for 10 years, where he led the organisation to its IPO in December 2014 and reached a $10 billion public market capitalization. He also played a key role in launching the MatchPoint crawler which was adopted by organisations such as CNN, Dow Jones and The New York Times. Post MatchPoint’s acquisition in July 2005, Mr Laplanche worked at Oracle as the Head of Product Management and Search Technologies, managing integration and overseeing sales of search engine products.

    “With a proven track record of building large companies, Renaud brings invaluable experience in product strategy & growth to help accelerate our mission of providing affordable credit to tens of millions in the region and bolster our leadership position in the ecosystem,” said Bala Parthasarathy, CEO and Co-founder at MoneyTap.

    Identifying with MoneyTap’s vision to make credit accessible to everyone, Renaud said, “As a leading startup striving for resiliency during uncertain times, there is a tremendous opportunity for MoneyTap to revolutionise the consumer lending space in Asia. I look forward to working with them to ensure long term business growth.”

    Mr Laplanche was ranked #23 in Bloomberg Markets’ 2015 Most Influential List, an annual ranking of the World’s top 50 most influential leaders across technology, finance, and politics. In 2014, he won the Economist Innovation Award in the consumer products category and was named the “best start-up CEO to work for” by Business Insider. He was also recognized at the Clinton Global Initiative by President Clinton for expanding access to affordable and responsible credit. Mr. Laplanche is an avid sailor and he holds the Newport-Bermuda world speed sailing record.


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