£22.0M
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."
Quilam Capital + 3 others
Quilam Capital
Venture CapitalQuilam Capital provides flexible investment, targeted financial solutions and expert guidance for alternative finance companies and fintechs.
Portfolio
2
companies
By category
- FinTech£220M
By location
- London£220M
Portfolio companies
Raylo
Raylo provides subscription payment services for consumer technology products.
Updraft
Updraft provides loan refinancing solutions to help members understand their financial profiles and pay off expensive debt.
Team
Sarah Watts
Director
Sarah serves as director at Quilam Capital, following structured finance and management roles at Shawbrook Bank and RBS.
LinkedInRecent investments
£110M
NatWest and Quilam Capital provided the debt facility to support product expansion and growth.
"We are thrilled to have the support of NatWest Bank and Quilam Capital as we continue to grow and innovate,"
£72.0M
The investment round was led by NatWest with support from Quilam Capital to fuel the company growth and consumer lending targets.
"Updraft has performed incredibly well in 2021 and we’ve seen a real acceleration in growth in just the past few months. Our customers love the solution we provide and we are determined to help even more people with this new investment."
£16.0M
Quilam Capital led the debt financing alongside the UK Government Future Fund and high net worth backers.
"Over the years we’ve seen innovators making use of open banking, shed light on financial health and provide credit, however Updraft provides a truly unique offering across all of these aspects with a market leading solution to give customers the fairly priced credit they deserve. We’re delighted to invest in Updraft and support the business on their mission to give consumers the tools to save and reach their life goals faster."
