Tagged: updraft

December 21, 2023 @ 1:50 am By Omar Faridi  |  

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 move away from expensive credit cards and overdrafts.” The… Read More

January 12, 2023 @ 10:30 pm By Omar Faridi  |  

Updraft, the financial habit-forming platform, and HomeServe, the international home repairs and improvements business, have announced a strategic partnership “to help consumers manage their energy costs and participate in the green homes revolution.” The partnership will “offer consumers an affordable way to combat rising energy… Read More

December 17, 2022 @ 10:38 am By Omar Faridi  |  

Financial habit forming platform, Updraft, announces its latest investment round, raising another £108 million in equity and debt “to power its ambitious growth strategy and deliver savings to its fast-growing user base of 300k members.” The senior debt funding round of £100 million was “led… Read More

October 21, 2021 @ 8:34 am By Omar Faridi  |  

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 investment round has been led by NatWest, which… Read More

December 3, 2020 @ 8:47 am By JD Alois  |  

Updraft, described as an app that is part lending, part credit report, and part financial planning, has raised £16 million in funding. The new capital is in the form of both equity and debt. Updraft did not disclose the split between the two. Quilam Capital… Read More

November 15, 2019 @ 2:26 pm By JD Alois  |  

Nesta, in partnership with Open Banking Limited (OBL), has announced the Open Up 2020 Challenge finalists. According to Nesta, the 15 finalists were selected out of 107 entries. Many of these Fintechs are live and in the market already. This group of Fintechs will compete… Read More