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Uphold

Invest in Uphold

FinTech

Founded: 2013

Headquarters: New York, New York

uphold.com

Status

Available

Last Round Valuation

$50 Billion

Share Price

$50.00

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About
Summary
Valuation

About Uphold

Uphold serves 150 countries, across 280+ currencies (traditional and crypto) and commodities with frictionless foreign exchange and cross-border remittance for members around the world. Since their launch in 2015, Uphold has powered more than $40+ billion in transactions. Uphold is a multi-asset digital money platform offering financial services to a global market. Uphold's unique ‘Anything-to-Anything’ trading experience enables customers to trade directly between asset classes with embedded payments facilitating a future where everyone has access to financial services. Built on a core of proprietary technologies and e-money apps, Uphold embraces a future where people and businesses around the world have access to safe, transparent, fair, and affordable financial services.

Key Facts

Uphold allows individuals and businesses to seamlessly exchange a wide universe of assets in one easy step.

Uphold’s “Anything to Anything” interface allows customers to instantly and directly exchange one asset for another.

Its platform currently supports 27 national currencies, 280+ digital currencies, and multiple precious metals.

Uphold has the ability to provide superior liquidity compared to peers, as a broker-dealer drawing liquidity from 30+ different exchanges.

Uphold’s platform provides B2B solutions such as instant pay-in and pay-out service, backend crypto conversions for FinTech companies, and a closed wallet system bridging crypto-enabled ecosystems with fiat capabilities.

2019 Revenue: $11 million, 2020 Revenue: $27 million, 2021 Revenue: $258 million, 2022 Revenue: $82 million,nand 2023 Revenue: $100 million.

As of April 2024, Uphold currently has over $2.7 billion assets in their reserves, and has facilitated over $40 billion in transaction volume.

Gross margins remain strong at 70%+.

In November 2023, announced that Topper, Uphold’s fiat-to-crypto on-ramp, has added Apple Pay and Google Pay as a payment option for users.nThis expansion facilitates faster and more convenient transactionsnacross Topper’s extensive selection of over 200 digital assets.

In December 2023, Uphold launched Vault in beta,na reimagining of what custody solutions look like for digital assetsn. Uphold has created Vault, an assisted self-custody wallet, to simplify securing digital assets and give users the best of both worlds: the convenience of centralized financial (CeFi) applications, combined with the security of self-custody.

In February 2024, Uphold's Vault exited a a two-month beta phase today havingnachieved significant traction, including more than $24M in total locked volume of XRPn. A survey of beta users found that 80% of respondents found Uphold Vault easy to understand and simple to use when moving and managing funds, and 83% converted from free trial to paid subscription.

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Summary

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Customers

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Key Investors

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Size of Market

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Market Position

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Industry

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Primary Vertical

FinTech

Employees

500

Mosaic Score

840

Money

760

Momentum

850

Management

760

Market

960

What is a Mosaic Score?

Key Officers

Name Work History Title Status
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current

Valuation

Valuation Over Time

chart

Last Round

Sept. 2019, Series B1

Valuation Post-Money

$400.2M

Amount Raised

$2.5M

Total Funds Raised

$75.2M

Implied Valuation

$84M

Funding Rounds

Date Round Amount Valuation Investors
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here

Competitive Landscape

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Coinbase
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$2.8B $1.3B

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