<div>
  <ul>
    <li>
      <p>
        Upgrade, a digital banking platform offering credit-related products such as personal loans, credit cards, and checking accounts to individual customers, has acquired Uplift, a BNPL service provider focused on travelers, for a sum of USD 100 million in cash and stock.
      </p>
    </li>
    <li>
      <p>
        Founded in 2014, Uplift offers flexible payment options on travel-related expenses for consumers across the US and Canada.
      </p>
    </li>
    <li>
      <p>
        Through this acquisition, Upgrade intends to access Uplift&rsquo;s distribution network which includes over 300 airlines, cruise lines, and hotel chains to support its business strategy involving offering BNPL services across different verticals including travel.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/upgrade-acquires-uplift-for-100-million-in-cash-and-stock-301886795.html">
      Press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2023/07/27/upgrade-acquires-travel-focused-bnpl-startup-uplift-for-a-song/">
      TechCrunch
    </a>
  </p>
  <p>
  </p>
</div>


Neobanks

Upgrade acquires Uplift for USD 100 million to expand product offerings

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