Upgrade reaches new level with $60m

Apr 7, 2017 • Thierry Heles

Financial services providers Noah Holdings and CreditEase have put their weight behind Upgrade, which is launching an online consumer credit platform.

US-based online credit technology startup Upgrade revealed a total of $60m in series A equity and convertible notes from investors including financial services providers Noah Holdings and CreditEase on Thursday.

Other investors that contributed to the financing included Apoletto, FirstMark Capital, Ribbit Capital, Sands Capital Ventures, Union Square Ventures, Uprising, Vy Capital and Silicon Valley Bank.

The capital was secured last month but only recently disclosed. Upgrade has not announced the ratio of equity to debt.

Founded in August 2016,…

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