Overview

• The Series G round was led by Neuberger Berman with participation from LuminArx, and Neuberger executive Peter Sterling will join the board.
• CEO Renaud Laplanche said the company is likely 12 to 18 months from a public listing.
• Upgrade reports three years of cash-flow profitability, revenue more than doubling since 2021, and annualized revenue topping $1 billion in May.
• The platform now spans checking and savings, a credit card, credit-health tools, and a travel-focused buy now, pay later offering anchored by its 2023 Uplift acquisition.
• Vertical lending lines have scaled, with home-improvement loans surpassing $2 billion and auto financing exceeding $1 billion in cumulative originations, and the company counts 7.5 million customers.