Today news
About the same in other media
01.12 - 14:21
Credit card start-up Upgrade jumps 83% in valuation in just four months to $6.28 billion
Reading now: 790
cnbc.comUpgrade, the fintech start-up that turns credit card balances into installment loans, has closed a fundraising round that values the company at $6.28 billion, CNBC has learned.
The company raised $280 million in its Series F round led by new investors Coatue Management and DST Global, according to Upgrade CEO Renaud Laplanche. That's an 83% jump from a previous round this year that valued Upgrade at $3.43 billion, he said.
Most of that increase stemmed from steep growth in the San Francisco-based company's revenue, which climbed 70% between June and October, the two fundraising periods, Laplanche said in a Zoom interview.
Upgrade's main product is a card that turns purchases into fixed-rate installment loans, making the start-up the latest
Read more on cnbc.comAbout this in other media
Flurry Finance Deploys on Polygon After Hitting USD 3 Million TVL in Just a Month of Launch cryptonews.com /2 years ago
Overspending got me £30k of credit card debt – this is how to resist Black Friday theguardian.com /2 years ago
Why Cardano traders should bid adieu to a possible bullish week ahead ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
