Upgrade (Consumer Finance) Overview

  • Founded
  • 2016
Founded
  • Status
  • Private
  • Employees
  • 369
Employees
  • Latest Deal Type
  • PE Growth
  • (Rumor/Speculation)
  • Latest Deal Amount
  • $200M
Latest Deal Amount
  • Investors
  • 22

Upgrade (Consumer Finance) General Information

Description

Operator of a neobank intended to offer affordable and responsible credit to mainstream consumers. The company provides personal loans via mobile banking products as well as offers mobile rewards checking with affordable loans and cards, free credit monitoring, alerts and credit education tools, thereby enabling consumers to better understand and manage their finances.

Contact Information

Website
www.upgrade.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Consumer Finance
Other Industries
Financial Software
Primary Office
  • 275 Battery Street, 23rd Floor
  • Suite 2300
  • San Francisco, CA 94111
  • United States
+1 (855) 000-0000

Upgrade (Consumer Finance) Timeline

2018201920202021
Financing RoundCaptured Employee CountEstimated Employee Growth
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Upgrade (Consumer Finance) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
11. PE Growth/Expansion 25-Jun-2021 $200M 000 Rumor/Speculation Profitable
10. Debt - General 29-Jan-2020 00.00 00000 Completed Profitable
9. Secondary Transaction - Private 00000 Completed Profitable
8. Later Stage VC (Series D) 17-Jun-2020 0000 00000 00.000 Completed Profitable
7. Mezzanine 27-May-2020 00.000 00000 Completed Profitable
6. Debt - PPP 09-Apr-2020 00.00 00000 Completed Profitable
5. Mezzanine 18-Jan-2019 000.00 00000 Completed Profitable
4. Later Stage VC (Series C1) 23-Aug-2018 0000 00000 00000 Completed Profitable
3. Early Stage VC (Series B) 15-Nov-2017 $20M $80M 00000 Completed Profitable
2. Early Stage VC (Series A2) 07-Apr-2017 $54.2M $60M 00000 Completed Profitable
To view Upgrade (Consumer Finance)’s complete valuation and funding history, request access »

Upgrade (Consumer Finance) Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series D 00,000,000 00.000000 00 00.00 00.00 00 00.00 0.000
Series C-2 0,000,000 00.000000 00 00.00 00.00 00 00.00 0.000
Series C-1 00,000,000 00.000000 00.00 00.00 00.00 00 00.00 00.000
Series B 00,000,000 00.000000 00.00 00.00 00.00 00 00.00 0.00
Series A-2 00,000,000 00.000000 00.00 00.00 00.00 00 00.00 00.000
Series A-1 34,666,672 $0.000000 $0.09 $0.09 1x $0.09 7.17%
Series A 26,666,672 $0.000000 $0.09 $0.09 1x $0.09 5.52%
To view Upgrade (Consumer Finance)’s complete cap table history, request access »

Upgrade (Consumer Finance) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Operator of a neobank intended to offer affordable and responsible credit to mainstream consumers. The company provides
Consumer Finance
San Francisco, CA
369 As of 2021
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00 0000-00-00
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00000000 0000000
Chicago, IL
000 As of 0000
00.000
000000000 - 00.000

00000000

n ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in
00000000 0000000
Concord, CA
000 As of 0000
000.00
000000000 - 000.00
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Upgrade (Consumer Finance) Competitors (41)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Avant (Online Lending Firm) Corporate Backed or Acquired Chicago, IL 000 00.000 000000000 - 00.000
00000000 0000000 Venture Capital-Backed Concord, CA 000 000.00 000000000 - 000.00
000000 Venture Capital-Backed Sao Paulo, Brazil 0000 00.000 00000000000 00.000
0000000 Venture Capital-Backed Murray, UT 000 00000 00000000000 00000
0000 Venture Capital-Backed Nairobi, Kenya 00 000 000000000 000
You’re viewing 5 of 41 competitors. Get the full list »

Upgrade (Consumer Finance) Executive Team (10)

Name Title Board Seat Contact Info
Renaud Laplanche JD Co-Founder & Chief Executive Officer
Jeffrey Bogan Co-Founder & Chief Financial Officer
Visar Nimani Co-Founder & Chief Technology Officer
Sudip Lahiri Chief Accounting Officer
Thomas Curran Chief Compliance Officer & Chief Risk Officer
You’re viewing 5 of 10 executive team members. Get the full list »

Upgrade (Consumer Finance) Board Members (6)

Name Representing Role Since
Anju Patwardhan CreditEase Board Member 000 0000
Christopher Gottschalk Mouro Capital Board Member 000 0000
Joseph Breeden Ph.D Upgrade (Consumer Finance) Board Member 000 0000
Joseph Huber Upgrade (Consumer Finance) Board Member 000 0000
Meyer Malka Ribbit Capital Board Member 000 0000
You’re viewing 5 of 6 board members. Get the full list »

Upgrade (Consumer Finance) Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Upgrade (Consumer Finance) Investors (22)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Black River Ventures Venture Capital Minority 000 0000 000000 0
Hard Yaka Venture Capital Minority 000 0000 000000 0
MicroVentures Venture Capital Minority 000 0000 000000 0
Mouro Capital Corporate Venture Capital Minority 000 0000 000000 0
Stableton Financial Corporate Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 22 investors. Get the full list »