Neobank Upgrade, which offers mobile banking, credit cards and multiple types of personal loans in the US, has acquired Uplift, a provider of buy now, pay later (BNPL) installment loan products to travel industry clients in the US and Canada. Upgrade paid $100 million in cash and stock.

Uplift integrates its BNPL products into the websites of more than 300 airlines, cruise ship and hotel partners. UATP (Universal Air Travel Plan) holds an exclusive contract to offer Uplift loans to its airline customers. When Uplift pays airlines, hotels and other provi...