• Sun. Nov 28th, 2021

Mobile Banking Biz Upgrade Reaches $ 6 Billion Valuation in Series F

ByCindy J. Daddario

Nov 16, 2021
By Elise Hansen (Nov. 16, 2021, 3:59 p.m. EST) – Mobile banking and credit firm Upgrade said on Tuesday it reached a valuation of $ 6 billion in its latest $ 280 million round of funding, which comes just a few months after a big round of Series E.

Upgrade Inc., headquartered in San Francisco, said that, including the latest funds, it had raised a total of $ 600 million in equity. The company announced a $ 105 million Series E round in August, in which it reached a valuation of $ 3.3 billion, just over half of its valuation in the last round. .

Co-founder and CEO Renaud Laplanche said the latest injection “demonstrates Upgrade’s rapid growth and commitment to providing innovative financial products that …

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