Upgrade Stock
Online Consumer Credit Platform
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About Upgrade Stock
Upgrade is a neobank that aims to offer credit to mainstream consumers as well as help consumers better understand and manage their money. Upgrade Card claims to provide a credit card that brings the low cost and responsible credit of installment lending to millions of retail locations in the U.S., while Upgrade Account is a mobile banking product offered to mainstream consumers.
Founded in 2016, Upgrade is headquartered in San Francisco, California, with a service center in Phoenix, Arizona, and a technology center in Montreal, Canada. Notable investors include CreditEase Fintech Investment Fund, Mouro Capital, and Silicon Valley Bank.
Investors
CreditEase Fintech Investment Fund
Tradeshift, Circle, Fair, Upgrade, Addepar, Figure, Fundbox, Cross River, H2O.ai, Taulia
FirstMark Capital
Pinterest, Discord, Upgrade, Cockroach Labs, Aura Financial Corporation, Pendo, InVision, DraftKings, Hyperscience, Shopify
Invariantes Fund
Mouro Capital
Noah Holdings
Ribbit Capital
Robinhood, CoinSwitch Kuber, Nubank, Affirm, Brex, Gusto, Coalition, Coinbase, Razorpay, Chainalysis
Sands Capital Ventures
AppDynamics, BigBasket, DoorDash, UiPath, Scopely, Snyk, DataRobot, DocuSign, Upgrade, StockX
Santander InnoVentures
Silicon Valley Bank
One97, Olive, FireEye, Weee!, Workrise, Fair, project44, Plume Design, BetterUp, Welltok
Stableton Financial
Union Square Ventures
Coinbase, Upgrade, MongoDB, C2FO, Stash Financial, Twilio, Funding Circle, Etsy, CloudFlare, Lending Club
Uprising Ventures
Vander Capital Partners
Ventura Capital
Vy Capital
Zomato, Coalition, Cerebras Systems, Urban Company, Upgrade, OfferUp, HZO, dYdX
Winter Capital
Funding History
| September 2016 | $2.5M |
|---|---|
| October 2016 | $3.3M |
| November 2016 | $42.3M |
| November 2017 | $20.0M |
| August 2018 | $93.1M |
| August 2018 | $9.9M |
| June 2020 | $81.7M |
| July 2021 | $105M |
| November 2021 | $280M |
Management
Chief Executive Officer
Renaud Laplanche
Chief Finance Officer
Jeff Bogan
Press
pymnts - Aug, 30 2023
FinTech Upgrade Expands Services to Include Consumer Auto Loansbizjournals - Jul, 28 2023
Upgrade buys BNPL company Sunnyvale-based Upliftbenzinga - Jul, 28 2023
Private Fintech Company Upgrade Buys Uplift For $100MTechCrunch - Jul, 27 2023
Upgrade acquires travel-focused BNPL startup Uplift for a songamericanbanker - Jul, 27 2023
Upgrade gets a 'lift' from travel BNPL acquisitionbuiltinsf - Apr, 22 2023
How Upgrade Leverages the Customer Voice To Uncover Meaningful Insightsdlvr - Feb, 27 2023
LendingTree Launches New Card Working with Upgradenews - Feb, 17 2023
First day of trading in Upgrade Invest Nordicdlvr - Oct, 28 2022
Fintech Upgrade Announces High Yield Savings at 3.5% APYspr - Jul, 28 2022
Upgrade OneCard™ Gives Consumers a Single Card For All Their Purchasespymnts - Jul, 27 2022
Upgrade Offers OneCard for Single Platform Budgeting, Rewardsbizjournals - May, 15 2022
Upgrade Boutique wig brand launches tech marketplace on heels of new fundingf-st - May, 4 2022
Britney Winters is democratizing the wig industry with Upgradepymnts - Apr, 1 2022
Upgrade Teams With Northwoods Credit Union for 100th CU Partnershipow - Mar, 30 2022
Upgrade Announces Partnership with One Hundred Credit Unionsdlvr - Feb, 2 2022
Upgrade Launches Shopping Feature, CEO Renaud Laplanche Shares Thoughts on Neobanksprnewswire - Feb, 2 2022
Upgrade, Inc. Launches Upgrade Shopping™ to Fight Inflationfinextra - Feb, 2 2022
Upgrade to offer users cash back rewards in battle for wallet shareamericanbanker - Feb, 2 2022
Upgrade takes next step toward creating a 'super app'dlvr - Dec, 23 2021
Upgrade on Taking a Data-Centric Approach to Meeting AML/KYC Requirementsfintechnews - Nov, 20 2021
Credit Card Startup Upgrade Raises US$280 Million Series F, Now Valued at US$6 Billionnews - Nov, 19 2021
The Week’s 10 Biggest Funding Rounds: Sierra Space And Cloud Security Provider Lacework Raise Huge $1B-Plus Roundsthepaypers - Nov, 17 2021
Upgrade raises USD 280 mln in Series Fbuff - Nov, 17 2021
Upgrade nearly doubles valuation to $6bn in 4 monthsbit - Nov, 17 2021
FinTech unicorn Upgrade closes Series F hot of the heels of former roundreuters - Nov, 17 2021
Fintech firm Upgrade's valuation nearly doubles to $6.28 blnreuters - Nov, 16 2021
Fintech firm Upgrade raises $280 mln at $6 bln valuationpymnts - Nov, 16 2021
Upgrade at $6B Valuation After $280M Series F Fundingbuff - Oct, 4 2021
US fintech Upgrade steps in to buy now, pay later arenathepaypers - Oct, 4 2021
Upgrade launches its own BNPL offeringdlvr - Oct, 3 2021
Upgrade Adds Short-Term Installment Loans Through BNPL Rolloutcnb - Oct, 2 2021
Fintech firm Upgrade is getting into buy now, pay later with short-term installment loansprnewswire - Oct, 1 2021
Upgrade Card the Fastest Growing US Credit Card According to Nilson Reportpurgula - Sep, 4 2021
Want a Nontraditional House? Here’s How to Finance It!bankautomationnews - Aug, 13 2021
Upgrade CEO sets sights on IPO within 18 monthsfintechfutures - Aug, 13 2021
US neobank Upgrade secures $105m Series E funding roundfstech - Aug, 12 2021
Upgrade valued at $3bn after new funding roundtrib - Aug, 12 2021
Lending Startup Upgrade Closes $105M Series E Roundfinextra - Aug, 12 2021
Upgrades hits $3.3bn valuationcrowdfundinsider - Jul, 22 2021
Upgrade Adds Bitcoin Rewards Cardbusinessinsider - May, 26 2021
Upgrade personal loans review: Borrow as little as $1,000 and receive your money in 1 business dayCardRates - Mar, 26 2021
Upgrade: A Fintech That Offers a Cash Back Card and Fee-Free Rewards Checking to Mainstream Consumersamericanbanker - Jan, 15 2021
Upgrade launches mobile banking and debit card with 2% cash backzpr - Jan, 14 2021
Upgrade launches unique rewards checking accountzpr - Nov, 4 2020
Exclusive: ‘UP and away… again!’ – Renaud Laplanche, Upgrade in “The Paytech Magazine”ow - Oct, 29 2020
Upgrade adds rewards program to its credit cardbuff - Jun, 21 2020
FinTech Startup Upgrade Reaches $1 Billion Valuation — After $40 Million Injectionvcaonline - Jun, 18 2020
Venture Capital Database 2020 Now Available!dlvr - Jun, 18 2020
Upgrade Closes $40M Santander-Led Funding Roundfintechfutures - Jun, 18 2020
Santander gets US challenger bank Upgrade to unicorn statusdlvr - Jun, 18 2020
US-based Upgrade secures USD 40 mln funding with help from Santanderfinsmes - Jun, 18 2020
Upgrade Raises $40M in Series D FundingPYMNTS - Jun, 17 2020
Upgrade Closes $40M Santander-Led Funding Roundcrowdfundinsider - Jun, 17 2020
Upgrade Closes $40 Million Series D, Values Company at Over $1 Billion, Advised by FT Partnersfinextra - Jun, 17 2020
Santander invests in alternative lender Upgradefintechdirect - Jun, 17 2020
Santander leads $40m funding in US neobank Upgradelendacademy - Jun, 1 2020
New Upgrade Card Could be a Game Changerbankingdive - Apr, 9 2020
Upgrade accelerates launch of contactless card amid COVID-19 pandemiccrowdfundinsider - Jun, 6 2019
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