Upgrade: Funding, Investors & Team (Sep 2026)
Upgrade is a neobank that offers credit to mainstream consumers through cards and personal loans, together with free credit monitoring and education tools that help consumers understand and manage their finances. Upgrade Card provides an innovative credit card that brings the low cost and responsible credit of installment lending to millions of retail locations in the U.S., while Upgrade Account is a mobile banking product offered to mainstream consumers.
Upgrade has raised $610M across 4 funding rounds on record, the most recent a Series G of $165M announced in Oct 2025.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Upgrade Company Profile and Key Stats
Latest funding round on record: Oct 2025.
Upgrade Funding Rounds
Upgrade raised $60.0M in an undisclosed round announced in Jun 2020.
1.2 years later, a Series E of $105M was announced in Aug 2021.
3 months later, a Series F of $280M was announced in Nov 2021.
3.9 years later, a Series G of $165M was announced in Oct 2025.
Upgrade Founders and Leadership Team
Contact details for the Upgrade team: 1 of 1 has an email address on file.
Start 14-day free trial →Upgrade Funding Compared to Other Financial Services Startups
Upgrade's latest round of $165M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Upgrade Funding FAQs
What does Upgrade do?
Upgrade is a neobank that offers credit to mainstream consumers through cards and personal loans, together with free credit monitoring and education tools that help consumers understand and manage their finances. Upgrade Card provides an innovative credit card that brings the low cost and responsible credit of installment lending to millions of retail locations in the U.S., while Upgrade Account is a mobile banking product offered to mainstream consumers.
How much funding has Upgrade raised?
Upgrade has raised $610M across 4 rounds on record. The most recent is a Series G of $165M announced in Oct 2025.
When did Upgrade last raise funding?
Upgrade's most recent funding round on record is a Series G of $165M, announced in Oct 2025.
Who is the CEO of Upgrade?
Renaud Laplanche is listed as CEO at Upgrade.
Where is Upgrade headquartered?
Upgrade is based in San Francisco, California, United States.
How many employees does Upgrade have?
Upgrade is in the 251-500 employee band.
How does Upgrade's funding compare to other Financial Services startups?
Upgrade's latest round of $165M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Upgrade Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Upgrade is left off this page rather than filled in.
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