Upgrade Stock

upgrade.comFinTechFounded: 2016Funding to Date: $637.49MM

Upgrade is 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.

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Enterprise Value (based on primary financings)

Enterprise Value

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Upgrade investors also invested in these private companies

Team

Management Team

Jeffrey Bogan
Co-Founder & Chief Financial Officer
Richard Lewis
Chief Risk Officer
Matt Wierman
Co-Founder & Head of Personal Loans
Visar Nimani
Co-Founder & Chief Technology Officer
Adelina Grozdanova
Co-Founder & Head, Investment Group
Renaud Laplanche JD
Co-Founder & Chief Executive Officer
Thomas Curran
Chief Compliance Officer
Soul Htitev
Co-Founder

Board Members

Meyer Malka
Ribbit Capital
Anju Patwardhan
CreditEase

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News

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.
The online lender founded by Renaud Laplanche is now a full-fledged challenger bank that can offer generous checking terms because, it says, it can count on its loans for profits.
Upgrade, Inc., a neobank that offers affordable and responsible credit to mainstream consumers, unveiled today a new mobile checking account designed to deliver exceptional value to mainstream consumers.