Fintech (financial technology) company Upgrade has acquired Uplift, a provider of vacation loans.
Uplift chief commercial officer Tom Botts said the acquisition will accelerate the growth of Uplift's buy now, pay later option, for which travelers pay back a loan in installments.
"As part of Upgrade, more resources will be available to better serve our partners and customers," Botts said.
San Francisco-based Upgrade provides consumer mobile banking and credit services. The company says it has delivered over $24 billion in credit to mainstream consumers through cards and loans since its inception in 2017.
Uplift offers its travel financing services in partnership with over 300 airlines, cruise lines and hotel chains in the U.S. and Canada.