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Upgrade

Consumer Finance · San Francisco, CA · Founded 2016 · Privately Held (backing)

Developer of a financial technology platform designed to provide responsible access to credit and banking services. Upgrade is based in San Francisco, CA and was founded in 2016. It is valued at about $5 billion as of Oct 2026, set by secondary market price, down 31% since its later-stage round in Oct 2025. It has raised $796 million across 1 recorded round; the latest was a $165 million Series G in Oct 2025.

PMV mark · valuation
$5.0B
Oct 2026
Secondary market · $/share
$3
Total raised
$795.5M
Last round
Later Stage VC (Series G)
Oct 2025

Upgrade key facts

as of Oct 2026
  • Developer of a financial technology platform designed to provide responsible access to credit and banking services.
  • Upgrade is valued at approximately $5.0B (~$3/share on the secondary market) as of Oct 2026, down 31% since its later-stage round, Oct 2025, per PrivateMarketView’s mark.
  • It has raised $795.5M across 1 recorded rounds; the latest was Later Stage VC (Series G) ($165.0M) in Oct 2025.
  • Notable investors include Coatue Management, Quiet Capital, TriplePoint Capital, DST Global, MicroVentures — 53 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$5.0B~$3 per share · secondary market

Down 31% since its later-stage round, Oct 2025 ($7.3B post-money).

set by secondary market priceas of Oct 2026question about this number?
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Secondary market

monthly marks · 46 months · Jan 2023 – Oct 2026
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Jan 2023marks: indicative $/share, month-end · as of Oct 15, 2026Oct 2026
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Upgrade funding rounds

1 rounds
Oct 2025Later Stage VC (Series G)$165.0M▮
Full funding history →

Upgrade valuation

Upgrade is valued at approximately $5 billion as of Oct 2026. The figure is set by secondary market price. The secondary market quotes about $3 per share. The reference point is its later-stage round in Oct 2025, at a $7.3 billion post-money valuation; the current figure is down 31% since.

Upgrade ranks 33rd by valuation and 51st by capital raised among the private companies PrivateMarketView tracks.

How much has Upgrade raised?

Upgrade has raised $796 million in total; 1 of its rounds is on record. The largest on record was a $165 million Series G in Oct 2025.

Upgrade secondary market activity

A monthly secondary-market price series for Upgrade runs from Jan 2023 to Oct 2026 (46 months).

Upgrade investors

53 investors are on record for Upgrade, including Coatue Management, Quiet Capital, TriplePoint Capital and DST Global. By type, the record holds 17 venture capital firms and 4 asset managers. The Series G in Oct 2025 drew 18 investors.

Comparable companies

Comparable consumer finance names by valuation on PrivateMarketView: Creditas ($3.3 billion), Avanse Financial Services ($963 million) and Abhi ($107 million).

About Upgrade

Developer of a financial technology platform designed to provide responsible access to credit and banking services. The company offers a mobile and web-based financial services platform with personal lending, credit cards with installment repayment options, deposit accounts, payment features, and credit monitoring tools, enabling individual consumers to access credit products and manage everyday financial activities through digital channels.

Industry
Consumer Finance
Sector
Financial Services
HQ
San Francisco, CA, United States
Founded
2016
Employees
1,552
Ownership
Privately Held (backing)

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