Upgrade

Upgrade is a consumer, financial technology platform. Established in 2017, our seasoned team aims to provide a platform to service affordable and responsible banking, payment, and credit products that help mainstream consumers move their finances in the right direction.

We have facilitated $40 billion in loans.
With 200+ financial institution partners, we focus on compliance-centric, long-term relationships with traditional depositories.
Our partnerships focus on loan purchase strategies that provide flexible, balance sheet solutions for:
- Margin compression
- Balance sheet diversification
- Liquidity management
- Income replacement

Headquartered in San Francisco, California, we also have offices in Phoenix, Atlanta, Orange County, Dallas, and a technology center in Montreal, Canada

For more information, please contact investor@upgrade.com.

Credit Union Partnerships

Upgrade partners with Credit Unions to purchase memberized loans we facilitate origination of through our direct to consumer website via an originating-bank partner model or via our Merchant/ Contractor network.

Our loan products include:

Personal loans
Cards that access a series of closed-end loans
Home improvement loans
Auto refinance loans
Indirect auto contracts
Flex Pay BNPL product

Our asset purchase program is flexible, with custom credit criteria, nationwide or geography-specific, and no minimum commitments:

Attractive yielding, short-duration loans from prime customers
Memberization in-funnel
Average onboarding ~30 days with dedicated onboarding team, easy integration, transparent diligence materials
Comprehensive portfolio monitoring and ongoing compliance/ audit support
Servicing retained by Upgrade

For more information, please contact investor@upgrade.com.

Personal Loans

Term: up to 7 years
Wtd. Avg FICO*: 717
Wtd. Avg Income: $115,046
Purpose CC /Dbt Cons: 87%
Purpose Home Improv / Large purchase: 7.5%
% LTV: NA
% Homeowners: ~50%

Personal Credit Line/Card

Term: 2, 3 and 5 year
Wtd. Avg FICO*: 707
Wtd. Avg Income: $111,264
Purpose CC /Dbt Cons: N/A
Purpose Home Improv / Large purchase: N/A
% LTV: NA
% Homeowners: 45%

Auto Refi

Term: 3-7 year
Wtd. Avg FICO*: 712
Wtd. Avg Income: $108,500
Purpose CC /Dbt Cons: N/A
Purpose Home Improv / Large purchase: N/A
% LTV: 120%
% Homeowners: 70%

* Minimum 660+ FICO. Upgrade facilitates loans below 660 FICO, which are typically sold to institutional investors. If you are interested, Upgrade can also offer below 660 FICO loans to your financial institution.