Upgrade Stock
| Valuation | $7.3B1 |
| Valuation Date | Oct 16, 2025 |
| Implied Valuation | $7.39B |
| Last Price | $2.52 |
| 52-Week High | $2.75 |
| 52-Week Low | $2.25 |
| YTD Return | -1.95% |
| 1-Year Return | +1.61% |
| 3-Year Return | +24.14% |
| Total Funding | $750M2 |
| Latest Round Amount | $165M2 |
| Latest Round | Series G |
| Funding Rounds | 7 |
| IPO Status | Expected1 |
| Expected IPO Date | 2026-2027 |
| Revenue | $1B1 |
| Revenue Type | Run Rate |
| P/S Ratio | 7.3 |
About Upgrade
Upgrade is a fintech company that offers credit and mobile banking products to mainstream consumers in the United States. Its main products are personal loans, the Upgrade Card, Rewards Checking accounts and the Flex Pay buy now, pay later service, along with home improvement and auto financing. The company makes money mainly from fees for originating and servicing loans issued through its partner banks, as well as interest and interchange revenue across its credit and banking products. Since launch it has delivered more than $50 billion in credit to over 8 million customers. Upgrade was founded in 2016 by Renaud Laplanche who also founded LendingClub.
Invest in Upgrade
Upgrade is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Hiive.
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News
KBRA Assigns Preliminary Ratings to Upgrade Master Pass-Thru Trust, Series 2026-ST4
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of notes issued by Upgrade Master Pass-Thru Trust, Series 2026-ST4 (“UMPT 2026-ST4”), a consumer loan ...
Furniture.com Selects Flex Pay to Introduce Multi-Retailer Single-Checkout Financing Experience
Furniture.com chose Upgrade's Flex Pay BNPL to let shoppers finance purchases across 77 independent retailers in one checkout, combining discovery, planning, and financing on the AI-powered furniture ...
Upgrade Launches OneCard to Give Consumers More Control Over Their Finances
Upgrade introduced OneCard, combining pay-now, pay-in-four, and pay-over-time options on a single credit card.
Upgrade Launches OneCard to Give Consumers More Control Over Their Finances
Upgrade unveiled OneCard Essentials, combining pay-now, pay-in-4, and pay-over-time options with 3% cash back on everyday essentials and no annual fee, rolling out on an invitation basis through 2026.
Upgrade Opens New Office in Wilmington, Delaware As It Exceeds $50 Billion in Loans and 8 Million Customers
Upgrade celebrated a new Wilmington office opening and said it has delivered more than $50 billion in credit to over 8 million customers across its lending and banking products.
ZIPAIR Tokyo Selects Flex Pay to Bring Flexible Payment Options to Travelers
ZIPAIR Tokyo, Japan's long-haul low-cost carrier and a Japan Airlines subsidiary, selected Upgrade's Flex Pay BNPL solution to offer travelers flexible monthly payment options on bookings.
ZIPAIR Tokyo Selects Flex Pay to Bring Flexible Payment Options to Travelers
Upgrade partnered with ZIPAIR Tokyo to offer Flex Pay BNPL at checkout, letting U.S. and Canadian travelers spread flight costs over monthly installments; Upgrade said early results have exceeded expe...
OnePay Launches Personal Loans Powered by Upgrade
OnePay added $1,000–$50,000 personal loans inside its app using Upgrade's lending infrastructure, with eligible customers able to receive funds the same day.
REVOLVE Selects Flex Pay to Offer Customers Flexible Financing Options
REVOLVE Group chose Upgrade's Flex Pay BNPL solution for online and select retail checkout, giving shoppers 3–60 month payment plans and higher loan amounts at purchase.
OnePay and Upgrade Team on Personal Loan Program
Walmart-backed OnePay launched personal loans of $1,000–$50,000 powered by Upgrade's lending infrastructure, available directly in the OnePay app.
Princess Cruises Selects Flex Pay To Turn Dream Voyages Into Booked Adventures With New Payment Flexibility
Princess Cruises partnered with Upgrade's Flex Pay to offer monthly payment financing on cruise bookings through Princess.com and its contact center, with plans up to $50,000 for premium itineraries.
Pagaya Builds on Multi-Year Partnership with Upgrade to Expand Point-of-Sale Loans
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced an expansi...
Pagaya Builds on Multi-Year Partnership with Upgrade to Expand Point-of-Sale Loans
Pagaya expanded its partnership with Upgrade to bring AI-driven credit decisioning into Flex Pay, Upgrade's buy now, pay later product.
Pagaya Builds on Multi-Year Partnership with Upgrade to Expand Point-of-Sale Loans
Pagaya expanded its partnership with Upgrade to integrate AI-driven credit decisioning into Flex Pay, Upgrade's buy-now-pay-later solution, starting with travel merchants in the point-of-sale segment.
Upgrade Announces Launch of Boost Money With Cash Advance and up to 10% APY Savings
Upgrade launched Boost Money, a mobile banking product offering interest-free cash advances and a high-yield savings account aimed at affordability-focused consumers.
Upgrade CEO Renaud Laplanche on $1.3 trillion credit card debt crisis
Upgrade CEO Renaud Laplanche discussed how record U.S. credit card debt reflects banking industry failures and positions Upgrade's lending products as an alternative.
Cross River Upsizes Revolving Credit Facility with Upgrade to $250 Million
Cross River Bank upsized its revolving credit facility with Upgrade from $150 million to $250 million, secured by personal credit line assets.
Cross River Upsizes Revolving Credit Facility with Upgrade to $250 Million
Cross River Bank expanded its revolving credit facility with Upgrade from $150 million to $250 million, secured by personal credit line assets to support scaling of Upgrade's consumer lending platform...
Upgrade CEO: $165 Million Raise Likely ‘Last Pre-IPO'
Neobank startup Upgrade closed a $165 million funding round at a $7.3 billion valuation, which CEO Renaud Laplanche says is likely the last ahead of an IPO. Laplanche joins Caroline Hyde and Ed Ludlow...
Upgrade Raises $165 Million Equity Investment
SAN FRANCISCO, Oct. 16, 2025 /PRNewswire/ -- Upgrade, Inc., a fintech company that offers affordable and responsible credit and banking products to mainstream consumers, today announced that it raised...