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Upgrade Stock (UPGR)
Online Consumer Credit Platform
Upgrade is a neobank that aims to offer credit to mainstream consumers as well as help consumers better understand and manage their money.
About Upgrade Stock
Founded
2016
Headquarters
San Francisco, CA, US
Total Funding
637M
Industries
Financial Services, Mobile, Lending and Investments
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.Ā Notable investors include CreditEase Fintech Investment Fund, Mouro Capital, and Silicon Valley Bank.
Upgrade Press Mentions
Stay in the know about the latest news on Upgrade
Starter Credit Cards Strategic Business Analysis Report 2025: Fintech-Bank Collaborations Create Pathways From Starter Cards to Full-Line Credit Products - ResearchAndMarkets.com
businesswire ā¢ May 28, 2025
Half of Indiaās Workforce Left Unskilled in the Past Year: upGrad Report
indianweb2 ā¢ May 26, 2025
Yieldstreet and Upgrade Partner to Expand Access to Consumer Credit Investing
globalfintechseries ā¢ Apr 28, 2025
FinanceBuzz Announces 2025 Checking Account Award Winners
prnewswire ā¢ Apr 16, 2025
Startups in non-metros see value in digital marketing; aim to compete with bigger markets
economictimes ā¢ Apr 03, 2025
Investors in Upgrade
Discover investors in Upgrade stock and explore their portfolio companies
Upgrade Management
Leadership team at Upgrade
Chief Executive Officer
Renaud Laplanche
Chief Finance Officer
Jeff Bogan
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Upgrade Key Facts
ā¢ The personal loan market is expected to continue growing rapidly, and Upgrade is poised to scale as customers turn to "personal loans to consolidate debt and finance major purchases to avoid the bitter pill of higher rates with other financing options." Per the Federal Reserve, credit card debt is growing at the fastest pace in 20 years as inflation pressures consumersā wallets. This increase in consumer credit demand could translate to to a larger target market for Upgrade Cards and Personal Loan services.
ā¢ Upgradeās online platform provides a fast and easy way for consumers to obtain personal loans and monitor their credit scores, which provides a significant competitive advantage.
ā¢ Upgrade could expand its product offerings and enter new markets, which could help to drive growth. Currently, over $24 billion in loans and cards have been originated by the Upgrade platform since its inception in 2017
ā¢ Upgradeās management team has extensive experience in the fintech industry and a track record of success.
ā¢ The availability of credit and investor funding is subject to market conditions, which could impact Upgradeās ability to grow and expand. Notably, āpersistent high inflation, rising unemployment, and increasing interest rates will likely drive both lender supply and consumer demand lower. Unsecured personal loan originations are forecast at 19.3 million for 2023, down approximately 13% YoY.ā
ā¢ As a financial services company, Upgrade is subject to regulatory scrutiny and compliance requirements, which could impact its operations and increase compliance costs.
ā¢ The personal loan market is highly competitive, and Upgrade faces pressure from other established players in the market.
ā¢ Economic uncertainty and market volatility could negatively impact Upgradeās financial performance and growth prospects.
Trading Upgrade Stock
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Accredited investors can buy pre-IPO stock in companies like Upgrade through EquityZen funds. These investments are made available by existing Upgrade shareholders who sell their shares on our platform. Typically, these are early employees who need to fund a life event ā house, education, etc. Accredited investors are then offered the opportunity to invest in this stock through a fund, like those used by hedge funds serving large investors. While not without risk, investing in private companies can help investors reach goals of portfolio diversification, access to potential growth and high potential return. Learn more about our Guided Investment process here.
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