Upgrade's Series G Preferred Round was led by Neuberger, with participation from LuminArx Capital Management. Existing shareholders, including DST Global, Ribbit Capital and several others, also increased their investment in the company. Peter Sterling, Head of Specialty Finance at Neuberger, is joining Upgrade's Board of Directors.

Upgrade is a financial technology company that offers affordable and responsible credit, mobile banking, and payment products to mainstream consumers. Since its inception in 2017, Upgrade has delivered over $42 billion in credit to over 7.5 million customers. Upgrade's platform includes six core products: Personal Loans, Credit Cards, Mobile Banking, BNPL, Home Improvement Financing and Auto Financing. Loans and credit lines are issued, and banking services are provided, by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender, Blue Ridge Bank, a nationally chartered commercial bank, Member FDIC, and Celtic Bank, a Utah State Chartered Industrial Bank, Member FDIC.