Upgrade, Inc. is an American fintech company and neobank that offers affordable and responsible credit, mobile banking, and payment products to mainstream consumers. Founded in 2016 by Renaud Laplanche (former LendingClub founder) and his colleagues, Upgrade provides personal loans, credit cards, savings accounts, and other financial products designed to help customers avoid high-interest revolving debt. The company has served over 7 million customers and facilitated over $42 billion in consumer credit since inception.
Fintech📍 San Francisco, CaliforniaFounded 2016
Current Valuation
$5.0B
as of 2025-Q4
UNICORN
QL Price
$3.3B
-35% vs last round
QuantLogix's current estimate for Upgrade, published 2026-09-18 — below the last disclosed round of $5.0B (2025-Q4).
Confidence
high
Basis
blended
What backs this price
Last disclosed round
$5.0B
2025-Q4
weight 0.61
Secondary market print
$1.9B
2026-06-27
weight 0.61
Public-company comparables
$1.4B
2025-Q4
weight 0.14
How this price has held up
No round has priced for Upgrade since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-18 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Upgrade, 2026-09-18 (79aca7367df3ce09).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookexpected
Is Upgrade going public in 2026?
Upgrade is expected to list around 2026, but no S-1 is public. Status on record: Private - IPO planned within 12-18 months from October 2025.
What is Upgrade's valuation in 2026?
Upgrade is valued at $5.0B as of 2025-Q4, set by its Tender Offer 1 ($49.14M, Nov 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Upgrade filed an S-1?
No public S-1 is on file for Upgrade as of 09/18/2026; the IPO is expected.
Who are Upgrade's investors?
Upgrade's investors include Apoletto, Coatue Management, CreditEase Fintech Investment Fund, Cross River Bank, DST Global, Dragoneer Investment Group and 16 more.
Can you buy Upgrade stock?
Not yet. Upgrade is private until it lists, so there is no ticker to buy. Before the IPO, exposure is limited to pre-IPO secondary marketplaces and funds (accredited investors) or tender offers; after listing, the shares trade on the exchange under the new ticker.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Renaud Laplanche
Founded
2016
HQ
San Francisco, California
Employees
1,950
Total Raised
$750M
Est. Revenue
$1.0B (2025-Q4)
Growth
Fastest growing credit card by outstanding balance for two consecutive years (2021-2022), cash flow positive since 2022, revenue more than doubled since 2021
Last Round
Tender Offer 1 — $49.14M (Nov 2025)
IPO Status
Private - IPO planned within 12-18 months from October 2025
Fundraising Status
Tender Offer 1 · $49.14M · 10 mo ago
Private - IPO planned within 12-18 months from October 2025Total raised $750M
Secondary Market
Implied price / share
$2.25
Last round price / share
$5.88
vs last round
-61.7%
Open interest
4
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Tender Offer 1
$49.14M
Nov 2025
—
—
Talent Signal
Hiring trend
▲ Hiring uptrend
+35% vs 2026-08
Open roles
23
via greenhouse
Product-build share
30%
engineering, research, product, design
Trajectory
expanding
balanced build + GTM — 30% builders vs 70% go-to-market/G&A — scaling both sides.
No tracked executive churn; open roles trending up.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Genesys EngineerOrganizational Development Program ManagerPrincipal Product Manager - Personal Loans GrowthSenior Product Manager, Flex PaySenior QA Automation Developer (Platform)Senior QA Automation Engineer (Platform)
Counted from Upgrade's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Apoletto · Coatue Management · CreditEase Fintech Investment Fund · Cross River Bank · DST Global · Dragoneer Investment Group · FirstMark Capital · G-Squared · Gopher Asset Management · Koch Disruptive Technologies · LuminArx Capital Management · Mouro Capital · Neuberger Berman · NOAH · Old Well Partners · Ribbit Capital · Sands Capital · Santander · Silicon Valley Bank · Union Square Ventures · Ventura Capital · Vy Capital
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.