S.F. fintech lender Upgrade expands into checking accounts
San Francisco lender Upgrade Inc. said Thursday that it’s adding checking accounts to its loans and credit card offerings, joining the growing number of fintechs that now describe themselves as neobanks.
Upgrade is working with Cross River Bank, a popular partner for fintechs wanting to offer mobile banking services. Most of the so-called neobanks partner with FDIC-insured institutions to offer banking services, but customize their offerings to appeal to various customer segments.
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