Open finance startup Upswing has raised $4 Mn led by QED Investors

• ByStartupStory     |    March 1, 2022

Open finance startup upswing was founded by Anupam Bagchi and Nihar Gupta in 2021. Upswing has raised a funding of $4 million (around Rs 30 crore) led by QED Investors. Kunal Shah, Jitendra Gupta, Rajan Bajaj and Lalit Keshre, among others also participated in this round.

This  Pune-based startup plans to use the fresh capital in building plug-and-play platforms for open finance and help fintech and consumer tech companies offer financial services seamlessly.

Upswing’s banking-as-a-service stack aims to help companies launch new banking products in weeks.  The platform is highly customisable, simple and modular and will significantly reduce the integration efforts of consumer tech players to launch financial products like savings accounts, deposits and lending services.  This platform  is also working with a few leading banks on the stack which will go live in a phased manner this year

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