Funding Round · Financial Data / Open Banking · 2022

Updraft raises £108M in debt and equity funding

Name: Updraft raises £108M in debt and equity funding
Creator: Windsor Drake

Updraft raised $135M Series A equity and senior debt facility led by NatWest, Hampshire Trust Bank, LC Nueva, Auluk Investment on December 17, 2022.

Primary: Updraft
Counterparty: NatWest, Hampshire Trust Bank, LC Nueva, Auluk Investment
Amount: $135M
Structure: Series A equity and senior debt facility
Date: December 17, 2022
Sub-sector: Financial Data / Open Banking

Updraft secures £100M senior debt and £8M equity to expand user base, product offerings, and geographic markets while addressing high-cost consumer debt.

Primary company: Updraft
Counterparty: NatWest, Hampshire Trust Bank, LC Nueva, Auluk Investment
Amount: $135M
Event date: December 17, 2022
Sub-sector: Financial Data / Open Banking
HQ: —
Structure: Series A equity and senior debt facility
Source published: December 17, 2022
Publisher: Crowdfund Insider

Source: crowdfundinsider.com

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