For Renaud Laplanche, founder and chief executive of Lending Club, things are looking up -- or more accurately, up and to the right.
That's the desirable direction that the startup's finances are heading at present. Lending Club connects investors who have money to lend with borrowers who need it, making money on fees as it goes. Of late, the value of the loans it's arranged has been increasing at 9 percent each month. In May, the San Francisco-based company funded $148 million in loans, and Laplanche expects 2013 will total $2 billion.
Laplanche, a 42-year-old born in … Read more