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London Fintech Updraft Wants To Lend £200M To Uk Users In 2022; Raises £72M Funding

Oct 21, 2021•almost 4 years ago

Amount Raised

£72 Million

London

Description

London-based Updraft, a financial wellness app enables its members to understand their financial profile, forge positive habits with their money, and make changes that pay off for the long term. Now, the company has just announced its largest investment round to date by raising £72 million in equity and debt funding. Updraft is also raising further equity to scale the business.

Company Information

Company

Updraft

Location

London, Ontario, Canada

About

Updraft will use the investment to fuel its expansion and help more UK consumers on a bespoke path to financial freedom.

FundzWatch™ Score

88
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech