Lending Club CEO Named to Bloomberg Most Influential List

Bloomberg has just released their list of the 50 Most Influential figures for the fifth year in a row and Lending Club CEO Renaud Laplanche was named #28. Other big names on the list include Janet Yellen (#1), Elon Musk (#25), Jeff Bezos (#15), and even President Barack Obama (#6). The list itself is broken into six categories — Corporate Power Builders, Policy Shapers, Money Managers, Bankers, Tech Builders, and Thinkers — with Laplanche falling under the Tech Builder category.

Lending Club has seen huge growth since launching in 2007. As Bloomberg states in their write up of Laplanche, the company issued more loans in the second quarter of this year than they did in all of 2013. Recently the company surpassed $11 billion in loans since their inception. Although they have expanded from offering just personal loans into the worlds of small business loans and patient solutions, Laplanche has spoken enthusiastically about offering other forms of credit down the line.

“They build companies and assemble fortunes. They 
run banks, or hope to disrupt them. They shape economies and spread ideas. They manage money and wield the clout that goes with the billions of dollars they invest,” Bloomberg said in their introduction of the 2015 Most Influential List. This year’s list was compiled with nine industry experts assisting the magazine’s editorial staff at the Bloomberg Markets Most Influential Summit. As the magazine explains, “To build our list each year, we start with a much larger universe of candidates, compiled with the help of Bloomberg News reporters and editors around the world. We also rely on the rankings, profiles, and cover stories we publish throughout the year in Bloomberg Markets. Then the magazine’s editors winnow it down, making the hard calls about who’s in and who’s out.” The magazine also says they the list favors recent accomplishments as opposed to lifetime achievements. Overall, this led to diverse selections, with the magazine noting, “The 50 people in our fifth annual Most Influential ranking are a varied group but have in common extraordinary success in their chosen fields”

 

Author

Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded DyerNews.com in 2015 to focus on personal finance and the emerging FinTech markets.

Other Articles by Jonathan Dyer

X1 Opens Waitlist for New X1+ Credit Card

A neo-credit card issuer is looking to build upon its early success and expand its line-up. This week, X1 announced the upcoming X1+ card while opening a waitlist for the product. With the X1 being billed as "the world’s smartest credit card," this latest offering is being hailed as the only credit card for smart travel. The X1+ is expected to launch this spring and will carry an annual fee...

Bilt and Point.Me Partner for Award Flight Search Integration

With several credit cards, customers can earn points that can then be transferred to various travel programs and redeemed for flights or hotel bookings. Unfortunately, finding and booking the best award travel deals isn't always as straightforward as one might assume. To assist with that, Bilt has unveiled a new integration with Point.Me that will help its rewards members search for award flights on airlines that participate in Bilt's transfer...

Zurp Raises $5 Million for Creator Experience Rewards Credit Card

A FinTech looking to marry credit card rewards with the creator economy has just closed a fresh round of funding. This week, Zurp announced that it had raised $5 million to create a "credit card for experiences." New Form, MAGIC Fund, Launchpad VC, OVO Fund, Darling Ventures, and Animal Capital all participated in the pre-seed fund along with a number of strategic investors. Zurp is a startup looking to create...