Neobanks Series C+

Upgrade

Affordable Credit and Mobile Banking for Mainstream Americans

Available in 1 countries Last verified: Mar 2026
Open Upgrade
Founded
2016
Users
7.5M+
Total Funding
$750M
Employees
1,950

🏢 Company Overview

Headquarters
San Francisco, USA
Funding Stage
Series C+
Total Funding
$750M
Users
7.5M+
Pricing
freemium
Rating
★ 4.6
AML Compliant PCI DSS Payment License FDIC Insured FDIC insured up to $1,000,000 through Cross River Bank and Participating Institutions

ℹ️ About Upgrade

Upgrade is a fintech neobank offering personal loans, credit cards, rewards checking, and high-yield savings to U.S. consumers.

⚡ Key Features

Credit card-loan hybrid installment repayment model
OneCard unified pay-now and pay-later card
Rewards checking with up to 2% cashback
High-yield Premier Savings with FDIC coverage
Flex Pay travel BNPL across Expedia brands
Auto financing through 1,000+ dealer partnerships

💪 Strengths & Weaknesses

4 Pros 3 Cons
💪
Strengths
What it does well
Fastest-growing U.S. credit card
No monthly maintenance fees
Accepts 580+ credit scores
Next-day loan funding available
⚠️
Weaknesses
Areas to improve
U.S.-only market availability
Origination fees up to 9.99%
High APR on credit products

💬 User Reviews

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🌍 Available In

1 countries
United States
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