Updraft is a part lending, part credit report, and part financial planning app for millennials. Our mission is to help people break up with their credit cards and better manage their money.
Location: United Kingdom, England, London
Employees: 11-50
Total raised: $121.06M
Founded date: 2017
Investors 1
| Date | Name | Website |
| - | Quilam Cap... | quilamcapi... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 19.10.2021 | - | $99.54M | - |
| 03.12.2020 | - | $21.52M | - |
Mentions in press and media 14
| Date | Title | Description |
| 21.12.2023 | UK’s Updraft, a Consumer Lending Fintech, Announces £250M Forward Flow Arrangement | Updraft, a UK-based consumer lending fintech has announced the closing of a £250M forward flow arrangement with Jefferies and Santander Corporate and Investment Banking, allowing the business to build on its mission “to help UK households m... |
| 13.01.2022 | Trend spotter: Natasha’s fintech predictions for 2022 | As 2022 gets underway, it’s time to look ahead to some of the trends I see shaping fintech in the year to come. From a greater openness around debt management to the continued (meteoric) rise of NFTs, here are the five areas I’ll be keeping... |
| 16.11.2021 | 24 London-based startups that have raised $10M or more in Oct 2021 and are hiring right now | According to a ranking of international startup hubs compiled by Startup Genome for its annual Global Startup Ecosystem Report 2021, the UK’s capital city London is the leading destination to grow a tech business. The report also revealed t... |
| 21.10.2021 | Financial App Provider Updraft Secures £72M in Equity and Debit to Support UK Expansion | Updraft, the financial app provider, has confirmed its largest investment round, securing £72 million in equity and debt, in order to support its expansion and assist more UK consumers on a path to attaining financial independence. The inve... |
| 20.10.2021 | NATWEST-BACKED UPDRAFT RAISES £72M FUNDING | Natwest-backed Updraft, an app which aims to help people get out of debt, has raised £72m in its latest funding round as it eyes expansion. The fintech firm allows customers to connect their bank accounts and view their debts from across cr... |
| 19.10.2021 | Exclusive: NatWest-backed Updraft raises £72m in latest funding round | NatWest-backed Updraft, an app which aims to help people get out of debt, has raised £72m in its latest funding round as it eyes expansion. The fintech firm, which is looking to lend £200m to UK customers next year, allows customers to conn... |
| 19.10.2021 | Exclusive: NatWest-backed Updraft raises £72m in latest funding round | NatWest-backed Updraft, an app which aims to help people get out of debt, has raised £72m in its latest funding round as it eyes expansion. The fintech firm, which is looking to lend £200m to UK customers next year, allows customers to conn... |
| 04.12.2020 | Tech startups weekly: Maker of four-legged robots raises €18.4M; Bolt’s new e-scooter; events platform raises €113.6M; and more | The European startup ecosystem is evolving and maturing. Most startups are undergoing a digital transformation and coming up with new innovations to stay relevant. This week, several tech startups have hit the headlines as these have secure... |
| 04.12.2020 | London-based fintech Updraft raises £16M to make your credit card redundant | Credit cards, which can be used for shopping, paying bills, and food are a good option only if you are comfortable paying your credit card bills at the month-end. If you are finding it difficult, it’s time to pause and rethink your spending... |
| 04.12.2020 | Updraft raises £16m to help Brits break up with their credit cards | Updraft, a London-based startup promising to help users ditch their credit cards, has raised £16 million in equity and debt. Quilam Capital led the round on the debt side, while the UK Government’s Future Fund participated via their convert... |
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