Upgrade, the lending startup co-founded by the former CEO of Lending Club, Renaud Laplanche, has raised $105 million in a Series E funding round that takes the firm’s valuation to $3.325 billion.
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The funding round was led by Koch Disruptive Technologies with contributions from new and existing investors, including BRV and Ventura Capital advised by Julius Baer.
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In July, Upgrade launched its Bitcoin Rewards Card, a credit card that pays rewards in bitcoin rather than cash.
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“We created the Upgrade Bitcoin Rewards Credit Card for those consumers who are either crypto enthusiasts or are just getting started, and wanted a low-risk way to participate in the crypto economy,” Laplanche, the CEO of Upgrade, said in a statement to CoinDesk.
