The round was led by Coatue Management and DST Global. Dragoneer Investment Group and existing investors including Gopher Asset Management, G-Squared, Koch Disruptive Technologies, Old Well Partners, Ribbit Capital, Sands Capital, Ventura Capital and Vy Capital also participated in the round.
Upgrade Card promotes responsible credit by turning the user’s balance into a fixed-rate instalment plan, and by paying rewards to cardholders as they pay down their balance. The company debuted a Rewards Checking account earlier in 2021 that offers 2% cash back debit card rewards to consumers on common everyday expenses.
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