Upgrade
Upgrade is a financial services company offering personal loans, credit monitoring, and mobile banking products to improve customers’ financial well-being.
Secondary Market Price
Secondary Market Price
How Upgrade Measures Up
To help you manage your Upgrade equity, Prospect has run the company through our machine learning model.
Prospect Rating
Exit Risk
Funding Stage
Series G
Secondary Market Price Chart
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Prospect Projected Future Upgrade Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Upgrade's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
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Company Description
Upgrade is a financial technology company that provides a range of consumer credit and banking products. Its offerings include personal loans, credit lines, auto financing, and deposit accounts, all accessible through its consumer credit platform. Founded in 2016 by co-founder and CEO Renaud Laplanche, the company began operations in 2017. Since then, Upgrade has provided over $42 billion in credit to more than 7.5 million customers.
Looking forward, the company is focused on a multi-product, multi-channel growth strategy. Recent company developments include a $165 million equity funding round, which brought its valuation to $7.3 billion. In a recent partnership, Resorts World Las Vegas adopted Upgrade’s Flex Pay product, a buy-now-pay-later solution. The company's CEO has also publicly discussed future IPO plans, though no timeline has been announced.
- Neuberger Berman
- LuminArx Capital Management
- DST Global
- Ribbit Capital
- Coatue Management
- Dragoneer Investment Group
- Gopher Asset Management
- G Squared
- Koch Disruptive Technologies
- Old Well Partners
- Sands Capital
- Ventura Capital
- Vy Capital
- Santander InnoVentures
- Union Square Ventures
- Vy Capital
- Silicon Valley Bank
- Ventura Capital
- Uncorrelated Ventures
- BRV
- Julius Baer
- Co-Founder, CEO Renaud Laplanche
- Co-Founder, CFO Jeff Bogan
- Co-Founder, Head of Data Science Adelina Grozdanova
- Co-Founder, COO Visar Nimani
- Co-Founder, General Counsel Matt Wierman
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Upgrade worth joining?
Deciding to join a startup like Upgrade depends on many personal and financial factors, including the value and potential of its equity compensation. Tools like Prospect can help you model the potential value of your equity to make a more informed decision.
What should I do with my Upgrade stock?
Managing private company stock like Upgrade's involves creating a strategy for when to exercise options and how to plan for taxes to maximize your take-home value. Platforms like Prospect offer personalized option exercise strategies and tax optimization to help you make the best decisions for your financial situation.
Can you sell Upgrade stock?
Selling stock in a private company like Upgrade is often possible through company-approved tender offers or on secondary markets, though it is less straightforward than selling public stock. Prospect provides tools to help you navigate tender offers and understand secondary market pricing to sell your shares at an optimal time.
How can I find the value of my Upgrade stock?
Valuing private stock is complex as it isn't publicly traded, but it is often based on the company's latest 409A valuation and investor sentiment. To get a clearer picture, you can use platforms like Prospect, which uses predictive models to help forecast the future value of your private company shares.
What is Upgrade's equity worth?
The worth of equity in a private company like Upgrade is not fixed and changes with new funding rounds, company performance, and market conditions. You can use Prospect's financial modeling tools to project your equity's potential future value based on various scenarios.
What is Upgrade's stock ticker symbol?
As a private company, Upgrade does not have a stock ticker symbol because its shares are not traded on a public stock exchange. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).
Can I buy or sell Upgrade stock?
Selling private Upgrade stock may be possible during company-sanctioned tender offers or on secondary markets, while buying is typically limited to accredited investors. If you are an employee looking to sell, Prospect offers tools and guidance to help you optimize the timing and tax implications of your sale.
What is the criteria to buy or invest in Upgrade stock?
Investing in a private company like Upgrade is typically restricted to institutional investors like venture capital firms or accredited individual investors. For employees who already hold equity, platforms like Prospect provide tools to manage that equity, not to facilitate new investments.
