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UK's Updraft, A Consumer Lending Fintech, Announces £250M Forward Flow Arrangement crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Updraft, The Financial Habit-Forming Platform, And HomeServe Partner To Help With Energy Bills crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Updraft raises nine-figure sum to build on London fintech's banking platform proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
London Fintech Updraft Secures £108M In Debt, Equity To Support Business Growth crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Exclusive: NatWest-backed Updraft raises £72m in latest funding round cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
London Fintech Updraft raises £16m to help people break up with their credit cards Pubblicato: 16 Dicembre 2020 Updraft, a part lending, part credit report, and part financial planning app designed to tackle escalating consumer borrowing, has secured £16m in funding to help its member’s avoid unnecessary credit card and overdraft charges. The funding arrives in the form of equity and debt, with specialist investment firm Quilam Capital leading on the debt side, and the UK Government’s Future Fund participating via their convertible loan note alongside a group of high-net-worth investors. Available now via the Apple App Store, Updraft was founded by financial services executive Aseem Munshi, former Head of Cards and Unsecured Lending for HSBC, UK. With over 15 years’ of experience in banking, Munshi realised there was a problem that could only be solved from the outside - that consumers drift into borrowing more and more each month without noticing. Consumers will pay over £10b in fees and interests for overdraft and credit cards in 2020 alone.