Upgrade

FinTech

Founded: 2016

Last Round Valuation: $6.28B

Upgrade, established in 2016, is a fintech company that operates as a neobank. It specializes in providing users with a seamless online and mobile banking platform, aiming to offer outstanding benefits such as cost-effective loans and credit cards. Moreover, Upgrade assists its customers in making informed financial choices, empowering them to shape their desired future. The company's headquarters are located in San Francisco, CA.

Upgrade Overview:

Upgrade is a fintech company that was founded in 2016 with the goal of revolutionizing the banking industry. Headquartered in San Francisco, California, Upgrade operates as a neobank, offering a wide range of financial services through its online and mobile banking platform.

At the core of Upgrade's mission is delivering exceptional value to its customers. The company aims to provide affordable loans and credit cards, ensuring that individuals have access to financial resources that can help them achieve their goals. By leveraging technology and innovative solutions, Upgrade streamlines the application and approval process, making it faster and more efficient for users to obtain the financial products they need.

One of the key aspects of Upgrade's services is its emphasis on helping customers make informed financial decisions. The platform provides tools and resources that enable users to better manage their finances, understand their creditworthiness, and improve their financial well-being. By offering personalized recommendations and insights, Upgrade empowers individuals to make smart choices and take control of their financial futures.

Upgrade's commitment to customer satisfaction is evident in its dedication to delivering a seamless and user-friendly banking experience. The online and mobile banking platform is designed to be intuitive and easy to navigate, ensuring that customers can access and manage their accounts with convenience and efficiency. The platform also incorporates advanced security measures to safeguard users' sensitive information and protect against fraud.

Beyond its customer-centric approach, Upgrade stands out in the fintech industry for its focus on innovation. The company continuously explores new technologies and financial solutions to enhance its offerings and meet the evolving needs of its customers. By staying at the forefront of technological advancements, Upgrade aims to deliver cutting-edge financial services and stay ahead of the competition.

In summary, Upgrade is a neobank that aims to provide exceptional value to its customers through affordable loans, credit cards, and a comprehensive online and mobile banking experience. With its focus on empowering users to make informed financial decisions and its commitment to innovation, Upgrade strives to help individuals build the future they desire and achieve their financial goals.

Founders:

  • Renaud Laplanche

  • Soul Htite

Top Investors:

  • Coatue Management
  • DST Global
  • Dragoneer Investment Group
  • Gopher Asset Management
  • Koch Disruptive Technologies
  • BRV
  • Ventura Capital
  • Santander InnoVentures
  • Union Square Ventures
  • Ribbit Capital
  • CreditEase Fintech Investment Fund
  • Apoletto
  • FirstMark Capital

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Nov 2021 Series F $279.6MM $637.49MM $5.64 $6.28B Coatue Management, DST Global, Dragoneer Investment Group, Gopher Asset Management
Aug 2021 Series E $105.05MM $357.89MM $3.22 $3.33B Koch Disruptive Technologies, BRV, Ventura Capital
Jun 2020 Series D $81.75MM $252.85MM $1.08 $1.11B Santander InnoVentures, Union Square Ventures, Ribbit
Aug 2018 Series C-1 $93.15MM $161.21MM $0.58 $652.34MM CreditEase Fintech Investment Fund, Apoletto, FirstMark Capital
Aug 2018 Series C-2 $9.89MM $77.95MM $0.58 $652.34MM CreditEase Fintech Investment Fund, Apoletto, FirstMark Capital
Apr 2017 Series A-2 $42.3MM $48.06MM $0.26 $309.99MM Union Square Ventures, Credit Ease, FirstMark Capital
Apr 2017 Series B $20MM $25.75MM $0.43 $309.99MM Undisclosed Investors
May 2016 Series A $2.5MM $2.5MM $0.05 $12.36MM Undisclosed Investors
May 2016 Series A-1 $3.25MM $3.25MM $0.05 $12.36MM Undisclosed Investors

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