Upswing has raised $4.2 million in a pre-Series A funding round led by Quona Capital and QED Investors. The article does not describe Upswing’s core product or services. It does not disclose how the company plans to deploy the proceeds or any future roadmap. No operating metrics such as revenue, users, or other financial details were reported. The report also omits founding year, location, past rounds, and other background information. Upswing Financial Technologies builds an open finance-as-a-service, plug-and-play platform to enable fintechs and consumer tech companies to offer financial products. The company focuses on modular, customizable stacks intended to reduce integration effort for services like savings accounts, deposits and lending. Upswing says it is working with several leading banks on its stack, which will go live in a phased manner in 2022. The founders position the product to provide consumer-centric solutions alongside compliance and security infrastructure for partner companies. The raise and stated roadmap indicate the company is prioritizing platform development and bank integrations in the near term. No operating metrics (revenue/users) are disclosed in the article.

Total raised

$8M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2024