Upgrade Stock $2.66

Forge Price BeaconForge Price 1 updated November 17, 2024

upgrade.comFinTech / Digital BankingFounded: 2016Funding to Date: $637.49MM

Upgrade, founded in 2016, is a neobank and the developer of an online and mobile banking experience designed to deliver exceptional value, including affordable loans and cards, and helps customers make good financial decisions so they can build the future they want. Upgrade is headquartered in San Francisco, CA.

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Private Market Pricing DetailsValuation & Financings

Upgrade Stock Price

3M
6M
1Y
MAX
Forge Price 1
Date
11/17/2024
Price per Share
$2.66
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

Upgrade Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
11/16/2021 Series F $279.6MM $xx.xx $6.28B Coatue Management, DST Global. Dragoneer Investment Group, Gopher Asset Management, G Squared, Koch Disruptive Technologies, Old Well Partners, Ribbit Capital, Sands Capital, Ventura Capital, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
49,607,432
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Coatue Management, DST Global. Dragoneer Investment Group, Gopher Asset Management, G Squared, Koch Disruptive Technologies, Old Well Partners, Ribbit Capital, Sands Capital, Ventura Capital, Vy Capital
08/11/2021 Series E $105.05MM $xx.xx $3.33B Koch Disruptive Technologies, BRV, Ventura Capital
Price per Share
$xx.xx
Shares Outstanding
32,601,690
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Koch Disruptive Technologies, BRV, Ventura Capital
06/17/2020 Series D $81.75MM $xx.xx $1.11B Santander InnoVentures, Union Square Ventures, Ribbit, Vy Capital, Silicon Valley Bank, Ventura Capital, Uncorrelated Ventures
Price per Share
$xx.xx
Shares Outstanding
75,845,644
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Santander InnoVentures, Union Square Ventures, Ribbit, Vy Capital, Silicon Valley Bank, Ventura Capital, Uncorrelated Ventures
08/23/2018 Series C-2 $9.89MM $xx.xx $652.34MM CreditEase Fintech Investment Fund, Apoletto, FirstMark Capital, NOAH, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
16,928,384
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CreditEase Fintech Investment Fund, Apoletto, FirstMark Capital, NOAH, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures, Vy Capital
08/23/2018 Series C-1 $93.15MM $xx.xx $652.34MM CreditEase Fintech Investment Fund, Apoletto, FirstMark Capital, NOAH, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
159,363,504
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
16.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CreditEase Fintech Investment Fund, Apoletto, FirstMark Capital, NOAH, Ribbit, Sands Capital, Silicon Valley Bank, Union Square Ventures, Vy Capital
04/06/2017 Series B $20MM $xx.xx $309.99MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
46,390,912
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
04/06/2017 Series A-2 $42.3MM $xx.xx $309.99MM Union Square Ventures, Credit Ease, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Uprising, Vy Capital, Apoletto
Price per Share
$xx.xx
Shares Outstanding
161,679,392
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Union Square Ventures, Credit Ease, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Uprising, Vy Capital, Apoletto
05/31/2016 Series A-1 $3.25MM $xx.xx $12.36MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
69,333,344
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
05/31/2016 Series A $2.5MM $xx.xx $12.36MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
53,333,344
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors

Upgrade investors also invested in these private companies

Black River Ventures
Ventura Capital
Winter Capital Advisors
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Inertia Ventures
Frontline One Capital
Basil Capital
Nevcaut Ventures

Leadership & Board

Leadership

Renaud Laplanche JD
Co-Founder & Chief Executive Officer
Jeffrey Bogan
Co-Founder & Chief Financial Officer
Paresh Gangodker
Chief Technology Officer
Sudip Lahiri
Chief Accounting Officer
Thomas Curran
Chief Compliance Officer & Chief Risk Officer
Myles Reaz
Chief Credit Officer & Executive Vice President
Visar Nimani
Co-Founder & Chief Information Officer
Matt Wierman
Co-Founder, Head of Cards and Loans & Executive Vice President
Adelina Grozdanova
Co-Founder & Head, Investor Group
Soul Htite
Co-Founder & Senior Advisor

Board

Anju Patwardhan
CreditEase
Christopher Gottschalk
Mouro Capital
Meyer Malka
Ribbit Capital

Upgrade stock FAQs

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Can you buy Upgrade stock?

As Upgrade is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like Upgrade, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
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How to buy Upgrade stock?

To invest in a private company like Upgrade through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

  1. Create a free account to access Forge’s marketplace.
  2. Express your interest in specific investments. Within Forge Markets, you will find detailed pricing and financing information for thousands of private companies.
  3. Throughout this process, a dedicated Forge Private Market Specialist will be available to address any questions you may have and to guide you seamlessly through each step of the transaction.
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Can you sell Upgrade stock?

Yes, you may sell the Upgrade stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
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How to sell Upgrade stock?

If you hold private company shares of Upgrade – whether as an employee or an early investor – Forge can help you sell them.

  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your Upgrade on our platform.
  3. Work with your dedicated Private Market Specialist who’ll help guide you through every step of the transaction.
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Is Upgrade a public company?

No, Upgrade is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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What is Upgrade’s stock price?

Upgrade is a private company, meaning it does’t have a publicly traded stock price. However, as of 11/17/2024 the Upgrade Forge Price is $2.66 per share. The Forge Price is a derived price calculated for private companies like Upgrade to provide insights into their current valuation. Learn more about Forge Price.
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What is Upgrade’s stock ticker symbol?

Upgrade does not have an official ticker symbol because this company is not currently publicly traded.
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Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

Upgrade’s news and media highlights

The Motley Fool reviews Upgrade's Premier Savings account which offers a high 5.21% APY on balances over $1,000, no monthly fees, and secure online access. However, customers need $1,000 to earn interest and there is no physical branch access.
Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced the acquisition of Uplift, Inc., the leading provider of Buy Now Pay Later (BNPL) payment and credit products to travelers.
Credit card startup Upgrade is releasing a new savings account with what it says is the country’s top interest rate as competition for deposits heats up, CNBC has learned. The fintech firm’s Premier Savings account is being launched Thursday with a 3.5% annual percentage yield, according to CEO Renaud Laplanche. That is higher than any account currently tracked by Bankrate.com, senior analyst Ted Rossman said in an email.
Most of that increase stemmed from steep growth in the San Francisco-based company’s revenue, which climbed 70% between June and October, the two fundraising periods, CEO Renaud Laplanche said. Upgrade’s main product is a card that turns purchases into fixed-rate installment loans, making the start-up the latest company to benefit from the “buy now, pay later” trend in fintech.
Updated on: Nov 17, 2024

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