Fintech

Fired LendingClub CEO sets up rival lender nearby

Renaud Laplanche has quietly started a new company to make loans via the Internet

Renaud Laplanche
Renaud Laplanche Photo: Getty Images

A few blocks from the San Francisco headquarters of LendingClub, its ousted chief executive is plotting a comeback to the industry he pioneered.

Renaud Laplanche has quietly started a new company called Credify Finance that will make loans via the internet just like LendingClub, according to corporate filings in several states.

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