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 |
In the News:
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