Updraft
London, GB · 11 known investors
Find your way into Updraft
542 people in our graph share verified history with the Updraft team — schools, employers, funds. One of them is your warm intro.
Angela Toyunlockedknows Aseem Munshi · together at HSBC (overlapped)
×5knows the team · via HSBC
×5knows the team · via Indian Institute of Technology, Delhi
knows the team · via Indian Institute of Management Ahmedabad
Updraft is a UK financial app offering personal and debt consolidation loans (£1,000–£25,000 over 2–5 years) that let consumers combine credit card balances into a single monthly repayment. Its app uses Open Banking to verify income, show bank accounts and credit cards in one place, and provide a free credit score and report.
Founders & leadership
AM
Aseem MunshiinFounder CEOAseem Munshi leads Updraft, a London-based fintech providing personal loans and debt consolidation through a mobile app powered by Open Banking technology. He brings over 20 years of experience in lending and financial services across multiple markets, including roles in consumer credit, strategy and innovation, and previously ran the cards and unsecured lending division at HSBC UK; he holds degrees from IIT Delhi and IIM Ahmedabad.
Investors · 11
Also in the syndicate · 8
Auluk InvestmentsleadFaber CapitalleadJefferies Financial GroupLC NuevaleadLC Nueva AIFleadMoreThan CapitalleadSantander CIBSantander Corporate and Investment Banking
Funding
SEC filings, press & company announcements- Undisclosed amountSeries ADec 2022
Auluk Investments (lead), Faber Capital (lead), LC Nueva (lead), NatWest (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
Frequently asked questions
- What does Updraft do?
- Updraft is a UK financial app offering personal and debt consolidation loans (£1,000–£25,000 over 2–5 years) that let consumers combine credit card balances into a single monthly repayment. Its app uses Open Banking to verify income, show bank accounts and credit cards in one place, and provide a free credit score and report.
- Who founded Updraft?
- Updraft was founded by Aseem Munshi.
- Who are Updraft's investors?
- Updraft's investors include Quilam Capital, Jefferies, NatWest.
- Where is Updraft headquartered?
- Updraft is headquartered in London, GB.