Updraft
Updraft is a part lending, part credit report, and part financial planning app for millennials. We turn borrowers into savers.
Updraft has raised €543M across 4 funding rounds from 11 investors, most recently a Debt round in Dec 2023. Based in London, UK; founded 2017; active in Fintech. Data as of 28 Oct 2026.
Total raised
€543M
€542,837,332
Funding rounds
4
Investors
11
distinct backers
Active since
2020-12
latest 2023-12
Funding by year
EUR raised per yearUpdraft — funding by year — interactive chart.
Data table
| Updraft — funding by year | |
|---|---|
| 2020 | €18M |
| 2021 | €85M |
| 2022 | €124M |
| 2023 | €316M |
Signals
High confidenceRaise-next likelihood9
base rate 45% for Debt
- ▼ Dormant (no round in 3+ cohort gaps)
- ▲ Up-round momentum
- ▼ Low backer re-investment
Exit likelihood16
base rate 11% (2+ rounds)
- ▲ €100M+ raised
- ▲ 4 rounds raised
- ▲ 9y since founding (typical exit age)
- ▼ No recent equity round (debt-only or quiet)
Timing: dormant vs cohort gap · momentum up. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
4 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2023-12-19 | Debt | €316M | Santander Corporate and Investment Banking,Jefferies,Mezz | View deal → |
| 2022-12-16 | Debt | €124M | Auluk Investment,David Callard,Faber,Hampshire Trust Bank,LC Nueva,Majlis Investments+1 more | View deal → |
| 2021-10-21 | Other | €85M | NatWest Bank,Quilam Capital | View deal → |
| 2020-12-03 | Other | €18M | — | View deal → |