Updraft
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 3.2m | 12.2m | 3.2m |
% growth | - | 285 % | (74 %) |
EBITDA | (4.0m) | (9.7m) | - |
% EBITDA margin | (127 %) | (79 %) | - |
Profit | (1.5m) | (9.5m) | - |
% profit margin | (48 %) | (78 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
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 | |
* | £22.0m | Early VC | |
* | £250m | Lending Capital | |
Total Funding | AUD154m |
Related Content
Recent News about Updraft
EditUpdraft 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.