Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 2 companies across 1 category.
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Founded in 2016 by former LendingClub leadership, Upgrade started as a responsible-credit platform focused on personal loans. It expanded into a full neobank by launching the Upgrade Card in 2019—a hybrid credit card with installment repayment—and Rewards Checking accounts in 2021, positioning itself as a credit-led consumer banking platform. Rather than acquiring a bank charter, Upgrade has scaled entirely through bank-partner infrastructure (primarily Cross River Bank), leveraging partner balance sheets and APIs to offer personal loans, BNPL, home improvement financing, auto loans, and mobile banking to over 42B in cumulative consumer credit without owning a bank.
Other Lending providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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alt="Ranked #134 of 258 in Lending — Embedded Finance Index 2026">
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<img src="https://www.embeddedfinanceindex.com/api/badge/upgrade/install" width="1" height="1" alt="" style="display:none">2 companies are linked to Upgrade in the Embedded Finance Index 2026, through their own public disclosures or Upgrade's published customer list, including Volaris and Acorn Finance.
Upgrade is an embedded-finance provider in Lending. It ranks #134 of 258 Lending providers by linked companies.
The most-named Lending alternatives to Upgrade are Affirm (66 buyers), Klarna (56 buyers), YouLend (45 buyers), Mambu (36 buyers), Stripe Capital (33 buyers) and Wisetack (27 buyers).
Upgrade was founded by Renaud Laplanche and is founded in 2016, headquartered in San Francisco, California, USA.
Upgrade has raised $750M (equity) in total.
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