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Upgrade launches its own BNPL offering

Monday 4 October 2021 12:12 CET | News

Upgrade, a neobank that offers customers credit, has announced that it is launching its own Buy Now, Pay Later offering.

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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Keywords: fintech, BNPL, product upgrade, transactions
Categories: Banking & Fintech
Companies:
Countries: United States
This article is part of category

Banking & Fintech