Updraft

Updraft

A part lending, part credit report and part financial planning app for millennials. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€106—158m (Dealroom.co estimates Dec 2023.)
Company register number 10868865
London England (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues3.2m12.2m3.2m
% growth-285 %(74 %)
EBITDA(4.0m)(9.7m)-
% EBITDA margin(127 %)(79 %)-
Profit(1.5m)(9.5m)-
% profit margin(48 %)(78 %)-
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DateInvestorsAmountRound
N/A

£150k

Seed
N/A

£100k

Seed
N/A

£450k

Seed
N/A

£600k

Convertible
*

£8.0m

Lending Capital
*

£8.0m

Convertible
*

£36.0m

Early VC
*

£36.0m

Lending Capital
*

£8.0m

Series A
*

£100m

Lending Capital
*

£250m

Lending Capital
*

£22.0m

Early VC
Total Funding€90.4m

Recent News about Updraft

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More about Updraftinfo icon
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Updraft is a financial technology company that provides a mobile application designed to help users manage and pay off their borrowings efficiently. The app offers personalized credit insights, allowing users to understand how their financial profile is viewed by lenders. By providing tailored guidance, Updraft aims to help users break free from high-interest credit card debt and achieve their life goals more quickly. The company operates in the personal finance market, targeting individuals looking for smarter ways to manage their debt and improve their financial health. Updraft generates revenue through its credit products and financial services, which are designed to offer better terms than traditional banking options. The business model focuses on user engagement and satisfaction, leveraging technology to create a more human-like interaction experience.

Keywords: financial technology, debt management, credit insights, personal finance, mobile app, high-interest debt, financial health, user engagement, personalized guidance, fintech.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.