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US Neobank Upgrade secures $ 105 million Series E funding round
San Francisco-based FinTech Upgrade has raised $ 105 million in a Series E funding round, valuing the company to more than $ 3.3 billion.
Last year’s hit unicorn status upgrade $ 40 Million Series D Round It is headed by the venture capital division of Santander. Currently, we have raised a total of over $ 300 million.
The latest round was led by Koch Disruptive Technologies (KDT) with the participation of new and existing investors such as BRV and venture capital.
Upgrades provide consumers with credit through banking services such as cards, loans, and reward checking accounts.
It is intended to promote responsible credit through upgrade cards that pay when cardholders pay their balances.
The company claims to have provided more than $ 7 billion in credit since its launch and aims to double that in 2021 alone.
Renaud Laplanche, a French entrepreneur and founder of LendingClub, co-founded and CEO Upgrade in 2017.
Laplanche states that his new company “experienced unprecedented growth and profitability this year” and will use new funds to “continue designing innovative products.”
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