Upgrade’s users will be able to split the cost of their transactions and pay off their debt over four months without being charged any interest.
The fintech recently closed a USD 105 million Series E funding round back in August, valuing the business at USD 3.3 billion. To date, Upgrade has lent approximatively 7 billion of credit to consumers through cards and loans and says it is on track to deliver a further USD 7 billion in 2021.
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