Koch Disruptive Technologies led a $105m Series E funding round in Upgrade.

Koch Disruptive Technologies, a corporate venture capital firm, led a $105m Series E funding round in Upgrade, an operator of a neobank intended to offer affordable and responsible credit to mainstream consumers. Other investors include BRV and Ventura Capital. "We are seeing rapid innovation in banking, and believe fintech, and neobanks in particular, will profoundly transform the banking industry to the greater benefit of consumers. Upgrade has proven success in designing products that deliver more value and a better experience to consumers, and we believe they are uniquely suited to be a market leader," Byron Knight, KDT Managing Director.