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Upgrade, Inc.

Contact: Sean Downing
Address 275 Battery Street, 23rd Floor San Francisco California 94111 United States Phone: (512) 970-7364 Website:

Biographical Info

Upgrade Inc’s founders pioneered consumer FinTech in 2006 with a lasting impact on the industry and issued $8 billion in loans annually while at Lending Club. With this experienced team of fintech and banking innovators, Upgrade facilitated $7.5 billion in loans in 2021 alone.

Upgrade is a marketplace lender having facilitated the origination of ~$17 billion in personal loans since inception. Partnering with community banks, Upgrade gives access to prime consumer assets for income goals, customer base growth, balance sheet diversification, as well as liquidity management. Upgrade can offer community banks consumer loans, cards, and auto refinance loans. Currently, Upgrade has a $2.5 billion in loan facilitation quarterly run-rate and 170 loan buying partners.

Loan partners can also participate in Upgrade’s deposit sweep program and receive low-cost deposits in exchange for loan purchases.

Upgrade provides community banks a digital channel to access customers in their communities with a seamless, online user experience.

Upgrade has 1,100 employees across three office locations, including a large operations center in Phoenix, Arizona. Recently, Upgrade Inc was listed among the Best Places to Work in FinTech in 2022 by American Banker.

Categories: Industry Partner, Loan Products & Services