Insights

Growing Fintech Updraft is a UK-based consumer lending fintech with substantial funding rounds totaling around $600M and a revenue range of $1M-$10M, indicating a rapidly expanding business with increasing capacity for scaled financial products and partnerships.

Millennial Focus The product targets millennials with a mix of lending, credit reporting, and financial planning tools, suggesting opportunities for integrations with wealth tech firms, budgeting apps, and lifestyle fintech platforms seeking to broaden millennial financial wellness offerings.

Tech-Driven Utilizes AWS, DBT, SageMaker, and AI assistants like ChatGPT and Claude, highlighting openness to data-driven risk scoring, personalized financial insights, and scalable customer engagement solutions that could interest data platforms and AI service providers.

Customer Engagement Active use of Intercom and a focus on user-centric financial planning imply potential for partnerships with CX platforms, onboarding automation vendors, and fintech ecosystems aiming to improve user activation and retention.

Strategic Growth Multiple historic fundraising milestones and a stated mission to reduce credit card dependence indicate opportunities for B2B collaborations in credit education, credit optimization tools, and white-label lending solutions for banks or alternative lenders seeking modern consumer finance capabilities.

Similar companies to Updraft

Updraft Tech Stack

Updraft uses 8 technology products and services including Amazon Web Services, DBT, Amazon SageMaker, and more. Explore Updraft's tech stack below.

Updraft's Email Address Formats

Updraft uses at least 3 email formats:
Updraft Email FormatsExamplePercentage
Last@updraft.comDoe@updraft.com
77%
First.Last@updraft.comJohn.Doe@updraft.com
21%
First@updraft.comJohn@updraft.com
2%

Frequently Asked Questions

What is Updraft's official website and social media links?

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Updraft's official website is updraft.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Updraft generate?

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As of August 2026, Updraft's annual revenue is estimated to be $1M - $10M.

What is Updraft's NAICS code?

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Updraft's NAICS code is 52 - Finance and Insurance.

How many employees does Updraft have currently?

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As of August 2026, Updraft has approximately 40 employees across 3 continents, including Europe, Asia and Africa. Key team members include Chief Risk And Compliance Officer & Mlro (smf16 & Smf17): C. R., Chief Financial Officer: D. C. and Chief Design And Product Officer: S. A. Explore Updraft's employee directory with LeadIQ.

What industry does Updraft belong to?

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Updraft operates in the Financial Services industry.

What technology does Updraft use?

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Updraft's tech stack includes Amazon Web Services, DBT, Amazon SageMaker, ChatGPT, Claude by Anthropic, Intercom, Cursor Code Editor and Zoom.

What is Updraft's email format?

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Updraft's email format typically follows the pattern of Last@updraft.com. Find more Updraft email formats with LeadIQ.

How much funding has Updraft raised to date?

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As of August 2026, Updraft has raised $600M in funding. The last funding round occurred on Jan 19, 2024 for $28M.

When was Updraft founded?

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Updraft was founded in 2017.
Updraft logo

Updraft

Financial ServicesEngland, United Kingdom11-50 Employees

Updraft is a London-based financial services company that blends lending, credit reporting, and financial planning within a single platform, with millennials as its primary audience. The service is designed to help users manage their money more effectively and reduce reliance on credit cards. The company is headquartered in London, England.

As a fintech operating at the junction of consumer lending and personal finance management, Updraft provides a suite of tools delivered through an app. The firm is small-to-mid-sized, centered in its London base. This overview reflects the product scope and target market described in the information provided.

Section iconCompany Overview

NAICS Code
52 - Finance and Insurance
Founded
2017
Employees
11-50

Section iconFunding & Financials

  • $600M

    Updraft has raised a total of $600M of funding over 12 rounds. Their latest funding round was raised on Jan 19, 2024 in the amount of $28M as a Venture Round.

  • $1M - $10M

    Updraft's revenue is estimated to be in the range of $1M - $10M

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