Upswing raises $4M to build plug-and-play platforms for open finance
Open finance startup Upswing has secured $4 million in a new funding round. The company will use the money to develop plug-and-play platforms for open finance. Upswing Financial Technologies, a Mumbai-based open finance B2B ecosystem enabler, has received $4 million from QED Investors and a group of other fintech pioneers. The investment will also be utilised to assist fintechs and consumer tech firms in providing seamless financial services. QED, a fintech-focused fund, based in Alexandria, has supported 25 startups worldwide, including Nubank, Credit Karma, and SoFi. Its investors are looking for revolutionary financial services startups in the United States, the United Kingdom, and Europe, as well as Latin America, Southeast Asia, and Africa. Upswing was created in 2021 by ex-bankers Anupam Bagchi and Nihar Gupta. Prior to joining Upswing, both were senior career bankers with companies such as Kotak, Axis, Standard Chartered, and NPCI. In their leadership c...