Updraft

company

About

Updraft is a lending, credit report, and financial planning app for millennials.

Details

Last Funding Type
Series A
Last Funding Money Raised
£8M
Industries
Banking,Financial Services,FinTech
Founded date
Jan 1, 2017
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
Fairscore Ltd

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
9
£197.30M
Updraft has raised a total of £197.30M in funding over 2 rounds. Their latest funding was raised on Dec 16, 2022 from a Series A round.
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

Employee Profiles

Number of Employee Profiles
4
Updraft has 4 current employee profiles, including Executive Aseem Munshi
Executive
Executive
Employee
Employee