Upgrade - About the company
Upgrade is a series G company based in San Francisco (United States), founded in 2016 by Renaud Laplanche, Adelina Grozdanova, Jeff Bogan, Visar Nimani and Matt Wierman. It operates as a Provider of consumer credit and banking products. Upgrade has raised $750M in funding from investors like CreditEase, FirstMark and Union Square Ventures, with a current valuation of $7.3B. The company has 266 active competitors, including 20 funded and 9 that have exited. Its top competitors include companies like Upstart, Lending Club and LendKey Technologies.
Sectors and market segments that Upgrade operate in
Upgrade serves in the FinTech market segments.The primary business model of Upgrade is:Company Details
Provider of consumer credit and banking products. It provides users with a financial technology company offering diverse credit and banking products. The company provides personal loans, credit cards, and rewards checking and savings accounts designed to assist individuals in managing their finances. Their offerings aim to provide accessible credit solutions, competitive rates, and rewards for everyday spending. They also include tools for credit monitoring and education to help individuals understand and improve their credit health.
- Website
- www.upgrade.com/
- Social
- Email ID
- *****@upgrade.com
- Phone Number
- +1 **********
- Registered Address
- San Francisco, California
Key Metrics
Founded Year
2016
Location
San Francisco, United States
Stage
Series G
Total Funding
$750M in 6 rounds
Latest Funding Round
Post Money Valuation
$7.3B as on Oct 16, 2025
Investors
Ranked
3rd among 266 active competitors
Employee Count
1,552 as on Mar 31, 2026
Investment & Acquisitions
Legal entities associated with Upgrade
Upgrade is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
UPGRADE, INC. CIN: 812807376 , United States, Active | Dec 31, 2014 | - | 1537 (As on Dec 31, 2024) | - |
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Upgrade's funding and investors
Upgrade has raised a total funding of $750M over 6 rounds. Its first funding round was on Apr 06, 2017. Its latest funding round was a Series G round on Oct 16, 2025 for $165M. 4 investors participated in its latest round. Upgrade has 44 institutional investors.
Here is the list of recent funding rounds of Upgrade:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 16, 2025 | $165M | Series G | $7.3B | - | ||
Nov 16, 2021 | $280M | Series F | $6B | - | ||
Aug 11, 2021 | $105M | Series E | $3.32B | - |
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Upgrade's founders and board of directors
Founder? Claim ProfileThe founders of Upgrade are Renaud Laplanche, Adelina Grozdanova, Jeff Bogan, Visar Nimani and Matt Wierman. Renaud Laplanche is the CEO of Upgrade.
Here are the details of Upgrade's key team members:
- Renaud Laplanche: Co-Founder & CEO of Upgrade and founder of 1 other company. They are also an angel investor in 5 startups.Contact Info: 1 phone number
- Adelina Grozdanova: Co-Founder, Head of Investor Group of Upgrade. They are also an angel investor in 1 startup.
- Jeff Bogan: Co-Founder & CFO of Upgrade. Contact Info: 1 phone number
- Visar Nimani: Co-Founder & CIO of Upgrade.
- Matt Wierman: Co-Founder and EVP of Upgrade.
View details of Upgrade's Founder profiles and Board Members
Upgrade's employee count trend
Upgrade has 1,552 employees as of Mar 26. Here is Upgrade's employee count trend over the years:
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Upgrade's Competitors and alternates
Top competitors of Upgrade include Upstart, Lending Club and LendKey Technologies. Here is the list of Top 10 competitors of Upgrade, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Upstart 2012, Palo Alto (United States), Public | AI-enabled online marketplace offering diversified loans to consumers and businesses | $129M | 79/100 | |
2nd | Lending Club 2006, San Francisco (United States), Public | P2P marketplace for consumer and business loans | $219M | 75/100 | |
3rd |  Upgrade 2016, San Francisco (United States), Series G | Provider of consumer credit and banking products | $750M | 73/100 | |
4th | LendKey Technologies 2007, New York City (United States), Series C | Student & Home improvement loans online by local community lenders | $42.2M | 61/100 | |
5th |  Lenme 2018, Oakland (United States), Seed | P2P platform for consumer loans | $3.02M | 59/100 | |
6th | Community Capital Technology 2017, New York City (United States), Series A | Provider of loan transactions marketplace and business intelligence platform | $13.5M | 59/100 | |
7th |  OppFi 2009, Chicago (United States), Public | Online marketplace for consumer loans | - | 56/100 | |
8th | FinFit 2008, Virginia Beach (United States), Series B | Financial wellness solutions combining savings and credit for employee financial health | $23M | 56/100 | |
9th |  Laurel Road 2006, New York City (United States), Acquired | Online lending platform | $20M | 52/100 | |
10th |  The Forest Road Company 2018, New York City (United States), Series B | Provider of alternative investment and advisory services | $28.8M | - | 50/100 |
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Upgrade's Investments and acquisitions
Upgrade has acquired Uplift. Upgrade has not made any investments as of now.Reports related to Upgrade
Here is the latest report on Upgrade's sector:
News related to Upgrade
Filter this listMedia has covered Upgrade for a total of 5 events in the last 1 year, 1 of them has been about company updates.
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Cross River Upsizes Credit Facility with Upgrade to $250 MillionGlobal Fintech Series•Feb 11, 2026•Cross River Bank, Upgrade
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Upgrade Valued at $7.3 Billion After $165 Million Funding RoundPYMNTS.com•Oct 17, 2025•Neuberger Berman, Upgrade, LuminArx, Lending Club and 6 others
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Yieldstreet and Upgrade Partner to Expand Access to Consumer Credit InvestingGlobal Fintech Series•Apr 28, 2025•YieldStreet, Upgrade
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Upgrade to spend $1,567,316.00 to occupy 14,786 square feet of space in Irvine California.intelligence360•Sep 25, 2023•Upgrade
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LendingTree Launches New Card Working with UpgradeCrowdfund Insider•Feb 27, 2023•LendingTree, Upgrade
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