Case Study: Upgrade scales consumer lending and banking with Cross River

Upgrade scales to $32 billion in consumer loans with Cross River

The customer, Upgrade, a large consumer fintech platform, faced the challenge of securing stable and flexible capital capacity to sustain its rapid portfolio growth. To address this, they turned to the vendor, Cross River, for integrated banking infrastructure and capital solutions.

Cross River provided a full-stack solution, using its APIs to power the backend for products like the Upgrade Card and Rewards Checking. The vendor also expanded a revolving credit facility to $250 million to support Upgrade's lending. This partnership has facilitated over $32 billion in consumer loans, allowed Upgrade to scale to six product lines, and extended affordable financial products to millions of consumers.

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