Upgrade (Consumer Finance)

Upgrade (Consumer Finance) Overview

Founded 2016
Founded
Status Private
Employees 350
Employees
Latest Deal Type Series D
Latest Deal Amount $40M
Latest Deal Amount
Investors 14

Upgrade (Consumer Finance) General Information

Description

Operator of a neobank intended to offer affordable and responsible credit to mainstream consumers through cards and personal loans. The company provides free credit monitoring and education tools, enabling consumers to better understand and manage their finances.

Contact Information

Website
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
  • San Francisco, CA 94111
  • United States
+1 (855) 000-0000

Upgrade (Consumer Finance) Timeline

2017201820192020
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
6. Later Stage VC (Series D) 17-Jun-2020 $40M 00000 000 Completed Generating Revenue
5. Mezzanine 18-Jan-2019 000.00 00000 Completed Generating Revenue
4. Later Stage VC (Series C1) 23-Aug-2018 0000 00000 00000 Completed Generating Revenue
3. Early Stage VC (Series B) 15-Nov-2017 0000 0000 00000 Completed Generating Revenue
2. Early Stage VC (Series A2) 07-Apr-2017 $54.2M $60M 00000 Completed Generating Revenue
1. Early Stage VC (Series A) 30-Sep-2016 $5.75M $5.75M 000.00 Completed Startup

Upgrade (Consumer Finance) Cap Table

To view Upgrade (Consumer Finance)‘s complete cap table, request access »
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 00
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 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 7.47%
Series A 26,666,672 $0.000000 $0.09 $0.09 1x $0.09 5.75%

Upgrade (Consumer Finance) Competitors (27)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing
Amount
Upstart Network Venture Capital-Backed San Carlos, CA 000 00000 00000000000 00000
000000 Venture Capital-Backed San Francisco, CA 000 00.00 00000000000 00.00
0000 Venture Capital-Backed San Francisco, CA 0000 00.000 0000000000 0 00.000
00000000 0000000 Venture Capital-Backed Wilmington, DE 000 000.00 00000000000 000.00
000000 Venture Capital-Backed Sao Paulo, Brazil 0000 00.000 0000000000 0 00.000

Upgrade (Consumer Finance) Executive Team (9)

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
Thomas Curran Chief Compliance Officer & Chief Risk Officer
Myles Reaz Chief Credit Officer

1 Former Executive

Upgrade (Consumer Finance) Board Members (6)

To view Upgrade (Consumer Finance)‘s full board member team, request access »
Name Representing Role Since
Anju Patwardhan CreditEase Board Member 000 0000
Chris Gottschalk Santander InnoVentures 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

Upgrade (Consumer Finance) Investors (14)

To view Upgrade (Consumer Finance)‘s full investor history, request access »
Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Santander InnoVentures Corporate Venture Capital Minority 000 0000 000000 0
Uncorrelated Ventures Venture Capital Minority 000 0000 000000 0
Ventura Capital Venture Capital Minority 000 0000 000000 0
TriplePoint Venture Growth Venture Capital Minority 000 0000 000000 0
Apoletto Asia Venture Capital Minority 000 0000 000000 0

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