About

Upgrade partners with banks for access to prime consumer assets as a complement to internal banking strategies and goals, including the management of liquidity, balance sheet diversification, or NIM pressure. Through a digital, online channel, Upgrade provides banks balance sheet and asset liability management solutions. For example, short duration, high yielding loans can be used as a flexible, supplemental balance sheet solution based on a bank's needs as organic production fluctuates. Auto, home improvement and travel consumer loans are now also available. In addition, Upgrade sweeps brokered deposits from high yield savings accounts based on the fed funds effective rate to help fund organic growth or other asset generation strategies for banks in need of liquidity but who may be unable to make other deposit sources work for return targets.

Headquartered in San Francisco, Upgrade partners with more than 200 financial partners, having facilitated $20+ billion in personal loans since inception. Upgrade placed on Forbes’ Best Startup Employer of 2023 list, and American Banker’s Best Places to Work in Fintech 2022.

https://www.upgrade.com/institutions/

https://www.linkedin.com/company/upgrade-inc./

https://vimeo.com/808011449 

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