Updraft is a lending, credit report, and financial planning app for millennials.
Updraft is a part lending, part credit report, and part financial planning app for millennials. Available on iPhone, Updraft turns borrowers into savers by automating the day to day decisions involved in managing money and mainstream borrowings. Through innovation in lending product design, behavioral science, and data science to help users with their finances.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Dec 16, 2022 | Series A | £8M | 5 | Auluk Investments LC Nueva Investment Partners | — | Detail |
Dec 16, 2022 | Debt Financing | £100M | 2 | NatWest Bank | — | Detail |
Oct 19, 2021 | Debt Financing | £72M | 1 | NatWest Bank | — | Detail |
Oct 19, 2021 | Series Unknown | — | 2 | NatWest Bank | — | Detail |
Nov 1, 2020 | Funding Round | £16M | 2 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Auluk Investments | Yes | Series A |
LC Nueva Investment Partners | Yes | Series A |
NatWest Bank | Yes | Debt Financing |
David Callard | — | Series A |
Faber Capital | — | Series A |
Majlis Investment Partners | — | Series A |
Hampshire Trust Bank | — | Debt Financing |
Quilam Capital | — | Series Unknown |
The Future Fund | — | Funding Round |