Updraft
Latest round
- Series A
Last raised
- Dec 2022
Total raised
- $9.7M
Investors
- 3
About Updraft
Founded in 2017 by Aseem Munshi, Mat Braddy, and Matt Millar, Updraft operates out of London, UK. The company focuses on providing a singular financial product aimed at consumers struggling with high-interest credit card debt.Updraft offers a financial product that enables consumers to consolidate their credit card debt into a manageable loan. This service allows users to simplify their repayment process by merging multiple credit card payments into one monthly payment.In the most recent financial year of 2023, Updraft generated revenue of GBP 28,637,647, with an EBITDA of GBP -7,627,651.000 mn, Updraft plans to leverage this investment to expand its market presence. The company aims to introduce additional financial products and enhance its offerings by targeting new markets.
Who invested in Updraft
3 investors across 1 round
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Funding rounds
Series A
Dec 16, 2022
Amount
$9.7M
Investors
Questions about Updraft
Who invested in Updraft?
Updraft has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Updraft raised?
Updraft has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Updraft last raise money?
Updraft's most recent round on record is a Series A, in Dec 2022.
What does Updraft do?
Founded in 2017 by Aseem Munshi, Mat Braddy, and Matt Millar, Updraft operates out of London, UK.
Where is Updraft headquartered?
Updraft is headquartered in London, UK.
Which VCs invest in companies like Updraft?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Updraft's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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