Upgrade, Inc

Upgrade is a marketplace lender, founded in 2016. Upgrade currently employs 357 nationwide and has originated ~$3 billion in loans since inception. Upgrade offers affordable and responsible credit products to mainstream consumers through personal loans, auto refi and lines/cards. Upgrade offers free credit monitoring, credit alerts and credit education to their user base through the Upgrade Credit Health product. Upgrade partners with community banks to provide access to prime credit quality consumer assets. Upgrade can offer consumer unsecured, auto refi, and card products to their partner banks. They are also launching a HELOC product next year. Loan Product Details • ~ 5-6% NET yielding asset for prime unsecured customers (post losses and servicing fees) (~1.5yr duration) • Cross-marketing opportunities to customers • Custom Credit Criteria (no black-box) • Nationwide or in geo-targeted footprint • Additional products also include Installment Card / Auto / HELOC • Upgrade can sweep customer deposits to loan buying partners to provide an attractive low cost of funds, via deposit swap program launching late Q4 • Easy integration and comprehensive diligence materials, average onboarding timeline ~35 days Upgrade is an industry leaders in financial institution partnerships, with a long pedigree in the marketplace lending space. Over 70% of Upgrade’s loans are purchased by banks and other financial institutions. Please reach out to FI@upgrade.com if you are interested in learning more!