£22.0M
The funding round was led by Quilam Capital, MoreThan Capital, LC Nueva AIF, and Auluk Investments.
Updraft
Updraft provides loan refinancing solutions to help members understand their financial profiles and pay off expensive debt.
£218MTotal raised
Updraft is a consumer lending fintech that combines open banking and credit data to help users refinance expensive credit cards and overdrafts. The platform assists individuals in consolidating debt and building healthier financial habits.
Categories
Team
AM
Aseem Munshi
CEO
David Yalland
Chief Product Officer
David brings product and founding experience from Clay, Updraft, and Sketch.
LinkedInMM
Matt Millar
CTO
Matt serves as CTO at Updraft, following previous chief technology officer roles at Slick and Mobile Innovation. His background includes leading Tellybug and working as Director of Mobile and Devices at Adobe.
SY
Suzanne Yeow
Chief Marketing Officer
CR
Cath Ready
Chief Compliance and Operational Risk Officer
AS
Ashish Saksena
Chief Financial Officer
Investors
- £22.0M
- £108M
- £72.0MNatWestLead
Quilam CapitalFollow-on
- £16.0M
Funding history
£108M
The £108m investment was led by backers including NatWest, LC Nueva, and Auluk Investments to fund product development and growth.
£72.0M
The investment round was led by NatWest with support from Quilam Capital to fuel the company growth and consumer lending targets.
£16.0M
Quilam Capital led the debt financing alongside the UK Government Future Fund and high net worth backers.