Upgrade, the newest company by Renaud Laplanche, has a new credit card that it swears is good for you

Upgrade, the newest company by Renaud Laplanche, has a new credit card that it swears is good for youThree years ago, the founder of LendingClub, Renaud Laplanche, took the wraps off his second act, a consumer lending venture called Upgrade that now employs 350 people, has lent roughly $ 2 billion to 200,000 people, and has raised $ 142 million from outside investors. At the time, it was jumping into a crowded market that has only become more frenzied, with a growing number of fintech startups that market themselves as more thoughtful alternatives to established banks and traditional credit card companies. While giants like Visa and MasterCard charge interest and late fees for overdue payments, for example, the Stockholm, Sweden-based company Klarna —  which allows shoppers to buy now and pay later — makes money through retailer transaction fees and late fees but doesn’t charge interest fees.



Yahoo Tech

SPECIAL DISCOUNT UPDATE: