Upgrade Closes $105 Million Series E Round At $3.325 Billion Valuation
08/11/21, 1:13 PM
Money raised
$105 million
Round Type
series e
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 including BRV and Ventura Capital advised by Julius Baer.
Company Info
Additional Info
Today, the company is announcing $280 million in new funding at a $6 billion pre-money valuation. In August, the company announced its Series E round — $105 million at a $3.325 billion valuation. The company offers 1.5% cash back on all purchases with its Cash Rewards card. The company has also launched checking accounts and debit cards for people looking for alternative to their existing bank account. Overall, the company has delivered $10 billion in credit to consumers through its credit cards and personal loans. But Upgrade’s growth has been accelerating as the company expects to deliver $8 billion in credit in 2021 alone.