Credit-focused FinTech startup Upgrade has been valued at $1b following its latest funding round.
In Brief:
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Upgrade raised $40mn at Series D.
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This was led by Santander InnoVentures.
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It was previously valued at $500mn at its 2018 Series C round.
What does this mean?
While Upgrade is currently credit focused, it will look at extending its offering into more banking tools with the new funding.