Updraft founders Aseem Munshi, second from left, attends the Banking Tech Awards 2022
(Picture: Updraft)Lending firm Updraft today became the latest London fintech to ramp up its expansion plans after it completed a £108 million debt and equity raise to scale up operations.
The Old Street-based business, which combines smart algorithms, open banking and credit reference data to offer bespoke personal loans to its customers, will use the funding to recruit more staff, grow the number of customers it lends to and is eyeing international expansion to markets in Europe and Asia.
