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Upgrade Acquires Uplift for $100 Million in Cash and Stock
Acquisition Will Make Travel More Accessible and Affordable for Millions of Consumers
San Francisco - July 27, 2023
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. Uplift has seen…
Read MoreUpgrade Launches Everyday Savings Account Offering 3.50% APY
Upgrade utilizes new process and technology to deliver higher yields to consumers
San Francisco - October 27, 2022
Upgrade, Inc., a Fintech company that offers affordable and responsible credit, mobile banking, and payment products to everyday consumers, announced today that it launched Premier Savings, an everyday savings account that offers 3.50% annual percentage yield (APY) to consumers. The average savings…
Read MoreUpgrade Card the Fastest Growing top 50 US Credit Card For Second Consecutive Year According to Nilson Report
Upgrade is the only Fintech listed in the Top 25 U.S. Credit Card Issuers
San Francisco - October 11, 2022
Upgrade, Inc., a Fintech company that offers affordable and responsible credit, mobile banking, and payment products to everyday consumers, announced today that Upgrade Card remains the fastest growing top 50 U.S. credit card by outstanding balance for a second consecutive year according to the…
Read MoreUpgrade OneCard™ Gives Consumers a Single Card For All Their Purchases
New card innovation offers the rewards of a credit card and helps consumers stay within budget like a debit card
San Francisco - July 27, 2022
Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced the launch of Upgrade OneCard™. This new product innovation gives users a single card to meet all their payments needs: cardholders use the…
Read MoreUpgrade, Inc. Announces Partnership with One Hundred Credit Unions
Credit Unions of all sizes partner with Upgrade to acquire assets and new members
San Francisco - March 30, 2022
Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced that it reached a new milestone with the signing of its hundredth credit union partnership with the addition of Northwoods Credit Union. These…
Read MoreUpgrade Card the Fastest Growing US Credit Card According to Nilson Report
Upgrade is the only Fintech in the top 50 U.S. Credit Card Issuers
San Francisco - March 9, 2022
Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced that it further accelerated growth in Upgrade Card in the second half of 2021 and again registered as the fastest growing US credit card by…
Read MoreUpgrade, Inc. Launches Upgrade Shopping to Fight Inflation
Upgrade Shopping™ Offers up to 10% Cashback Rewards at Over 20,000 Retailers
San Francisco - February 2, 2022
Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced the launch of Upgrade Shopping™ offering cashback rewards at more than 20,000 local and national merchants like H&M (6% in store and online…
Read MoreUpgrade Raises $280 Million at $6 Billion Valuation
New investments will help consolidate Upgrade Card as fastest growing credit card in America
San Francisco - November 16, 2021
Upgrade, Inc., a fintech company that offers affordable and responsible credit and mobile banking to mainstream consumers, today announced that it raised a $280 million Series F round at a $6 billion pre-money valuation. The round was led by Coatue Management and DST Global. Dragoneer Investment…
Read MoreUpgrade Card the Fastest Growing US Credit Card According to Nilson Report
Upgrade becomes the first Fintech company to enter the top 50 of Nilson Report’s U.S. Visa/Mastercard Credit Card Issuers
San Francisco - September 28, 2021
Upgrade, Inc., a fintech company that offers affordable and responsible credit to mainstream consumers, today announced that it became the first fintech company ever to be listed in the top 50 U.S. Visa/Mastercard Credit Card Issuers in the Nilson Report (September Issue # 1204) ranking Upgrade Card…
Read MoreUpgrade Closes $105 Million Series E Round at $3.325 Billion Valuation
Company will use proceeds to fuel next phase of financial innovation that benefits consumers
San Francisco - August 11, 2021
Upgrade, Inc., a fintech company that offers affordable and responsible credit to mainstream consumers, today announced that it closed a $105 million Series E round at a $3.325 billion pre-money valuation led by Koch Disruptive Technologies (KDT) with participation from new and existing investors…
Read MoreUpgrade Card Becomes First Generally Available U.S. Credit Card to Offer Bitcoin Rewards
Cardholders earn unlimited 1.5% bitcoin rewards on every purchase upon payment
San Francisco - July 21, 2021
Upgrade, Inc., a fintech company that offers affordable and responsible credit to mainstream consumers, today launched the Upgrade Bitcoin Rewards Card a new version of Upgrade Card featuring bitcoin rewards. Under the new program, users earn unlimited 1.5% bitcoin rewards on every purchase as they…
Read MoreUpgrade Launches Unique Rewards Checking Account
Upgrade customers pay no fees, earn 2% cash back on common everyday expenses and qualify for better lending rates
San Francisco - January 14, 2021
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. Upgrade charges no fees and lets customers earn 2% cash back on common everyday expenses and…
Read MoreUpgrade Card Launches A Cash Back Program That Rewards Consumers For Doing What's Good For Them
Cardholders earn unlimited 1.5% cash back on all purchases as they pay down their balance
San Francisco - October 29, 2020
Upgrade, Inc., a neobank that offers affordable and responsible credit to mainstream consumers, today launched Upgrade Card’s first cash back rewards program. The new program earns users unlimited 1.5% cash back on every purchase they make with the card. Instead of being credited at the time of…
Read MoreUpgrade Closes $40 Million Series D Round Led by Santander InnoVentures
Global Bank Joins Leading Fintech Investors Backing Credit-led Neobank Model
San Francisco - June 17, 2020
Upgrade, Inc., a neobank that offers affordable and responsible credit to mainstream consumers, today announced it received a $40 million investment as part of its Series D round led by Santander InnoVentures, the venture capital fund of Santander Group, one of the world’s largest banks. Existing…
Read MoreUpgrade, Inc. Named a 2020 "Best Place to Work in the Bay Area"
Neobank Recognized for Outstanding Employee Satisfaction
San Francisco - April 24, 2020
Upgrade, Inc., a neobank that offers affordable and responsible credit to mainstream consumers, today announced that it has been named a “Best Place to Work in the Bay Area” by the San Francisco Business Times and Silicon Valley Business Journal. This is Upgrade's third year in a row being…
Read MoreUpgrade Launches First Contactless and Mobile Payment Versions of Upgrade Card
New versions designed in response to the coronavirus.
San Francisco - April 9, 2020
Upgrade, Inc., a neobank that offers affordable and responsible credit to mainstream consumers, today launched its first contactless-enabled Upgrade Card. Also starting today, Upgrade Card is now available in digital form through both Apple Pay® and Google Pay™ to enable mobile payments. The World…
Read MoreUpgrade, Inc. Launches Upgrade Card
San Francisco - October 10, 2019
Upgrade, Inc., a consumer credit platform that offers affordable and responsible loans, together with credit monitoring and education tools, today announced the launch of Upgrade Card. The new card offers the flexibility and convenience of a credit card accepted by millions of merchants, coupled…
Read MoreUpgrade, Inc. Named a 2019 ‘Best Place to Work in the Bay Area’
Fintech Company Recognized for Outstanding Employee Satisfaction
San Francisco - April 22, 2019
Upgrade, Inc., a consumer credit platform that offers access to affordable credit with credit monitoring and educational tools, announced that it has been named a ‘Best Place to Work in the Bay Area’ by the San Francisco Business Times and Silicon Valley Business Journal. This is Upgrade’s second…
Read MoreUpgrade, Inc. Completes $225 Million Securitization
San Francisco - February 21, 2019
Upgrade, Inc., a consumer credit platform that offers access to affordable credit products with credit monitoring and education tools, announced today it closed its second securitization of personal loans. Upgrade Receivables Trust 2019-1 (“UPGR 2019-1”) issued approximately $225 million in notes…
Read MoreUpgrade, Inc. Completes $282 Million Securitization
Credit Suisse and Jefferies Serve as Lead Underwriters
San Francisco - October 31, 2018
Upgrade, Inc., a consumer credit platform that offers affordable personal loans and personal credit lines with credit monitoring and education tools that help consumers better understand their credit, announced today it closed its inaugural securitization of personal loans. Upgrade Receivables Trust…
Read MoreUpgrade, Inc. Closes $62 Million Series C Round
New Round to Fund Continued Product Innovation
San Francisco - August 23, 2018
Upgrade, Inc. announced today that it closed its Series C round of financing led by CreditEase Fintech Investment Fund. The new financing will fuel Upgrade’s continued product innovation on the heels of the recent launch of its Personal Credit Line and the expansion of Credit Health, Upgrade’s…
Read MoreUpgrade, Inc. Introduces Personal Credit Line
New product to combine the low cost, fixed rate and responsible credit of a personal loan with the flexibility and convenience of a credit card
San Francisco - April 10, 2018
Upgrade Inc., is announcing today at the LendItFintech USA conference a new consumer product named “Personal Credit Line". The product is designed to combine the low cost, fixed rate and monthly amortization of personal loans with the flexibility and utility of lines of credit typically obtained…
Read MoreUpgrade Inc. Named a 2018 ‘Best Place to Work in the Bay Area’
Fintech Company Recognized for Dedication to Employee Success and Satisfaction
San Francisco - March 6, 2018
Upgrade, Inc., a consumer credit platform that combines personal loans with tools that help consumers understand and monitor their credit, announced that it has been named a ‘Best Place to Work in the Bay Area’ finalist in the small company category by the San Francisco Business Times and Silicon…
Read MoreUpgrade, Inc. Rated #1 Personal Loan by LendingTree
Upgrade awarded top ranking based on LendingTree Customer Reviews in Q4 2017
San Francisco - February 8, 2018
Upgrade, Inc., a consumer credit platform that combines personal loans with tools that help consumers understand and monitor their credit, announced that it has been named #1 in the personal loans category for the fourth quarter of 2017 by LendingTree. LendingTree’s rankings are based on a weighted…
Read MoreUpgrade and Corridor Collaborate on Big Data and Credit Analytics
Consumer credit platform Upgrade, Inc. partners with new analytics platform founded by American Express executives
San Francisco - November 29, 2017
Upgrade, Inc., a consumer credit platform that combines personal loans with tools that help consumers understand and monitor their credit, today announced a strategic partnership with Corridor Funds, a new credit analytics and portfolio management platform founded by Manish Gupta. Mr. Gupta was…
Read MoreUpgrade, Inc. Appoints Western Union Executive as General Counsel
Consumer credit platform builds up executive team as it scales loan volume
San Francisco - September 6, 2017
Upgrade, Inc. the new consumer credit platform launched by LendingClub founder Renaud Laplanche earlier this year, today announced the appointment of John Dye as General Counsel. Prior to joining Upgrade, John was Executive Vice President, General Counsel and Secretary of The Western Union Company…
Read MoreUpgrade, Inc. Launches New Consumer Credit Platform
New platform to combine consumer loans with credit monitoring and credit education features
San Francisco - April 6, 2017
Upgrade, Inc. today announced the launch of a new consumer credit platform that combines a marketplace lending approach with tools that help consumers understand and monitor their credit. “We are excited to introduce innovations that help consumers better understand their credit potential, unlock…
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