Updraft

Fintech · London, GB

Consumer lending and financial-management fintech.

Founders

Aseem Munshi (India · ♂) — An IIT/IIM engineer-MBA who led HSBC UK's credit-card and unsecured-lending business for 14+ years, he founded Updraft to help people escape expensive credit-card debt with smarter, fairer lending.
Mat Braddy (United Kingdom · ♂) — A consumer-brand marketer (ex-Just Eat CMO) who co-founded Updraft to reposition consumer credit around the customer.
David Yalland (United Kingdom · ♂) — A co-founder of UK fintech Updraft, the credit-card-replacement lending app.
Matt Millar (United Kingdom · ♂) — A co-founder of Updraft who helped build its debt-consolidation and credit-management product.

Shares the most investors with (number = shared investors):

Date	Round	Amount
Jan 2024	Debt UK fintech Updraft closed a £272M debt-and-equity round (incl. a £250M forward-flow with Jefferies and Santander, plus £22M mezzanine/equity led by Quilam Capital).	$345M
Dec 2022	Series A London fintech Updraft raised a £108M Series A in debt and equity, with NatWest leading the debt and LC Nueva, Auluk Investments and Faber Capital leading the equity.	$130M
Dec 2020	Seed London fintech Updraft raised GBP16M in equity and debt, with Quilam Capital leading the debt and the UK Future Fund participating.	$21M

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Data is community-curated and may be incomplete.