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Credit-Focused Company Upgrade Raises $280 Million At $6 Billion Valuation
11/16/21, 7:44 PM
Money raised
$280 million
Fintech company Upgrade has raised a Series F round just four months after raising its previous round. Today, the company is announcing $280 million in new funding at a $6 billion pre-money valuation.
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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.
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