CreditEase accesses Upgrade in $62m series C

Aug 24, 2018 • Robert Lavine

The corporate's strategic investment fund led a round that valued the consumer credit platform at $500m, taking its total funding to $142m.

Upgrade, the US-based operator of an online consumer credit service, completed a $62m series C round yesterday led by online lending platform CreditEase through its CreditEase Fintech Investment Fund.

The company said all its major existing investors took part in the round and named Apoletto, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Union Square Ventures and Vy Capital as participants.

Founded in 2016, Upgrade has built an online platform intended to add the flexibility of…

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