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, 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, Plume Design, project44, 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
ow - 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 Inflationbit - Nov, 17 2021
FinTech unicorn Upgrade closes Series F hot of the heels of former roundbuff - Nov, 17 2021
Upgrade nearly doubles valuation to $6bn in 4 monthsthepaypers - Nov, 17 2021
Upgrade raises USD 280 mln in Series Fbuff - Oct, 4 2021
US fintech Upgrade steps in to buy now, pay later arenathepaypers - Oct, 4 2021
Upgrade launches its own BNPL offeringCardRates - Mar, 26 2021
Upgrade: A Fintech That Offers a Cash Back Card and Fee-Free Rewards Checking to Mainstream Consumerszpr - Jan, 14 2021
Upgrade launches unique rewards checking accountow - Oct, 29 2020
Upgrade adds rewards program to its credit cardPYMNTS - Jun, 17 2020
Upgrade Closes $40M Santander-Led Funding Roundbankingdive - Apr, 9 2020
Upgrade accelerates launch of contactless card amid COVID-19 pandemicEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
Some data provided by Crunchbase
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