LC Nueva AIF

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Updraft

Updraft provides loan refinancing solutions to help members understand their financial profiles and pay off expensive debt.

Growth19 December 2023

£22.0M

Updraft raises £22m in mezzanine and equity funding to complete a balance sheet facility and fuel growth

The funding round was led by Quilam Capital, MoreThan Capital, LC Nueva AIF, and Auluk Investments.

"This agreement helps us serve even more customers to manage their finances."

— Aseem Munshi, CEO