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Upgrade raises 165 million at 7.3 billion valuation and targets IPO within 18 months
Upgrade raised $165 million at $7.
Consumer-fintech platform Upgrade raised $165 million at a valuation of $7.3 billion, with plans to go public within the next 12–18 months. The round was led by G Squared, supporting product diversification in digital banking and lending. Upgrade has been profitable for three years, with strong growth in card and loan origination volumes. CEO Renaud Laplanche said the proceeds will accelerate compliance readiness and technology expansion. Analysts note renewed investor confidence in profitable fintechs aiming for near-term listings.