Upgrade, Inc.

FunnL (a movingDneedle Pvt Ltd Company) Announces Appointment of Shashi Vadana Reddy as Global Head of Marketing

Retrieved on: 
Thursday, November 30, 2023

SAN FRANCISCO, Nov. 30, 2023 /PRNewswire/ -- FunnL (a movingDneedle Pvt Ltd Company), a leading provider of B2B sales outsourcing and lead generation and engagement SaaS tools, today announced the appointment of Ms Shashi Vadana Reddy as Global Head of FunnL.ai.

Key Points: 
  • SAN FRANCISCO, Nov. 30, 2023 /PRNewswire/ -- FunnL (a movingDneedle Pvt Ltd Company), a leading provider of B2B sales outsourcing and lead generation and engagement SaaS tools, today announced the appointment of Ms Shashi Vadana Reddy as Global Head of FunnL.ai.
  • "We are thrilled to welcome Shashi Vadana Reddy to the FunnL.ai team," said Sanju Pillai, CEO at movingDneedle.
  • FunnL.ai, under the leadership of Ms Reddy, is poised to redefine B2B marketing strategies with its advanced SaaS tools.
  • Reddy's appointment marks a pivotal moment for FunnL.ai, as it seeks to solidify its position in the competitive B2B market.

Upgrade Acquires Uplift for $100 Million in Cash and Stock

Retrieved on: 
Thursday, July 27, 2023

SAN FRANCISCO, July 27, 2023 /PRNewswire/ -- Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced the acquisition of Uplift, Inc., the leading provider of Buy Now Pay Later (BNPL) payment and credit products to travelers. Uplift has seen exceptional growth over the last few years, now serving 3.3 million customers in partnership with over 300 of the largest airlines, cruise lines and hotel chains in the United States and Canada.

Key Points: 
  • Uplift has seen exceptional growth over the last few years, now serving 3.3 million customers in partnership with over 300 of the largest airlines, cruise lines and hotel chains in the United States and Canada.
  • "We are thrilled to welcome Uplift team members, partners and customers to Upgrade," said Renaud Laplanche, co-founder and CEO at Upgrade.
  • Uplift offers a full range of BNPL products, including popular 0% financing offers that help consumers align the payment of their travel expenses with their own cash flows at no cost to them.
  • Uplift performs credit bureau reporting, allowing users to keep up their good credit score as they make monthly payments.

KBRA Assigns Preliminary Ratings to Theorem Funding Trust 2023-1

Retrieved on: 
Thursday, April 13, 2023

KBRA assigns preliminary ratings to two classes of notes issued by Theorem Funding Trust 2023-1 (“THRM 2023-1”), a $235.314 million consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to two classes of notes issued by Theorem Funding Trust 2023-1 (“THRM 2023-1”), a $235.314 million consumer loan ABS transaction.
  • The preliminary ratings reflect initial credit enhancement levels of 32.05% for the Class A Notes to 20.00% for the Class B Notes.
  • THRM 2023-1 is the sixth securitization for Theorem Partners LLC (“Theorem”) and the first in 2023.
  • KBRA has performed operational reviews of Theorem and each of the Platform Sellers and has conducted surveillance on each platform’s recent securitizations.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-3

Retrieved on: 
Thursday, March 30, 2023

KBRA assigns preliminary ratings to two classes of notes issued by Pagaya AI Debt Trust 2023-3 (“PAID 2023-3”), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to two classes of notes issued by Pagaya AI Debt Trust 2023-3 (“PAID 2023-3”), a consumer loan ABS transaction.
  • Pagaya Structured Products LLC is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (“Pagaya Technologies”), an Israeli corporation.
  • This transaction is the eighth publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).
  • Previously, Pagaya US Holding Company LLC served as sponsor for 16 securitizations of unsecured consumer assets.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-1

Retrieved on: 
Monday, February 6, 2023

KBRA assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Trust 2023-1 (“PAID 2023-1”), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Trust 2023-1 (“PAID 2023-1”), a consumer loan ABS transaction.
  • Pagaya Structured Products LLC is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (“Pagaya Technologies”), an Israeli corporation.
  • This transaction is the seventh publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, “Pagaya” or the “Company”).
  • Previously, Pagaya US Holding Company LLC served as sponsor for 16 securitizations of unsecured consumer assets.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2022-5

Retrieved on: 
Friday, October 28, 2022

KBRA assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Trust 2022-5 (PAID 2022-5), a consumer loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Trust 2022-5 (PAID 2022-5), a consumer loan ABS transaction.
  • Pagaya Structured Products LLC is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (Pagaya Technologies), an Israeli corporation.
  • This transaction is the third publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, Pagaya or the Company).
  • Previously, Pagaya US Holding Company LLC served as sponsor for 16 securitizations of unsecured consumer assets.

Upgrade Launches High Yield Savings Account Offering 3.50% APY

Retrieved on: 
Thursday, October 27, 2022

SAN FRANCISCO, Oct. 27, 2022 /PRNewswire/ -- Upgrade, Inc. , a Fintech company that offers affordable and responsible credit, mobile banking, and payment products to everyday consumers, announced today that it launched Premier Savings, a high-yield savings account that offers 3.50% annual percentage yield (APY) to consumers.

Key Points: 
  • SAN FRANCISCO, Oct. 27, 2022 /PRNewswire/ -- Upgrade, Inc. , a Fintech company that offers affordable and responsible credit, mobile banking,and payment products to everyday consumers, announced today that it launched Premier Savings , a high-yield savings account that offers 3.50% annual percentage yield (APY) to consumers.
  • The average savings account interest rate in the US was 0.21% as of October 17, 2022 (FDIC National Rates).
  • At 3.50% APY, Premier Savings delivers a yield that is over 16 times the national average.
  • "Premier Savings achieves this goal with an exceptional APY coupled with no account fees or transfer fees, truly delivering outstanding value to consumers."

Upgrade Card the Fastest Growing US Credit Card For Second Consecutive Year According to Nilson Report

Retrieved on: 
Tuesday, October 11, 2022

SAN FRANCISCO, Oct. 11, 2022 /PRNewswire/ -- Upgrade, Inc., a Fintech company that offers affordable and responsible credit, mobile banking, and payment products to everyday consumers, announced today that Upgrade Card remains the fastest growing U.S. credit card by outstanding balance for a second consecutive year according to the October 2022 issue of the Nilson Report. Upgrade is currently the only Fintech listed in the Top 25 U.S. Credit Card Issuers by outstanding balance. 

Key Points: 
  • Upgrade is the only Fintech listed in the Top 25 U.S. Credit Card Issuers
    SAN FRANCISCO, Oct. 11, 2022 /PRNewswire/ -- Upgrade, Inc. , a Fintech company that offers affordable and responsible credit, mobile banking,and payment products to everyday consumers, announced today that Upgrade Card remains the fastest growing U.S. credit card by outstanding balance for a second consecutive year according to the October 2022 issue of the Nilson Report.
  • Upgrade is currently the only Fintech listed in the Top 25 U.S. Credit Card Issuers by outstanding balance.
  • Last year, Upgrade became the first Fintech company listed in the Top 50 U.S. Credit Card Issuers.
  • "We are so excited to see the growth of Upgrade Card because success wasn't obvious," said Renaud Laplanche, co-founder and CEO of Upgrade.

Splitit's merchant sales volume from the $215B e-learning market triples in three years as consumers pursue online learning opportunities

Retrieved on: 
Wednesday, September 21, 2022

The company sees nearly 350% growth in merchant sales volume from digital education and professional development segment from 2019 to 2022.

Key Points: 
  • The company sees nearly 350% growth in merchant sales volume from digital education and professional development segment from 2019 to 2022.
  • The company has over 100 clients offering online or offline training, including upGrad, Simplilearn, Fortuna Admissions, ThinkLouder and Knowledgehut.
  • Splitit sees nearly 350% growth in merchant sales volume from e-learning segment from 2019 to 2022.
  • Online learning can address the need for upskilling or reskilling to keep up with a growing skills gap in many industries.

Upgrade OneCard™ Gives Consumers a Single Card For All Their Purchases

Retrieved on: 
Wednesday, July 27, 2022

SAN FRANCISCO, July 27, 2022 /PRNewswire/ -- Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced the launch of Upgrade OneCard™. This new product innovation gives users a single card to meet all their payments needs: cardholders use the "Pay Now" option for everyday expenses to make sure they stay within budget and avoid paying interest or fee charges, and use "Pay Later" to spread payments over time.

Key Points: 
  • "With Upgrade OneCard, consumers don't have to make that choice anymore: they can use Pay Now for everyday expenses to avoid interest and fee charges, while earning credit card rewards without running the risk of falling into credit card debt."
  • Upgrade's flagship product Upgrade Card , which serves as a basis with Upgrade OneCard, was recently recognized by Nilson Report as the fastest growing credit card in America.
  • Upgrade Card and Upgrade OneCard are issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.
  • Rewards associated with the Upgrade Card, when applicable, are provided by Upgrade, Inc. More information is available at: https://www.upgrade.com .