Key Metrics
  • No. of Employees34
  • Founded Year 2021
  • Company StagePrivate Limited Company
  • Total Funding₹64.96 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About Upswing

Upswing's mission is to enable consumer companies to offer differentiated financial products and empower the financial institutions with greater reach through their Secure, scalable and easy to integrate API platform.

Open banking is a reality of this decade and it needs robust, customizable and secure rails to run on. They want to leverage their experience to simplify the processes for consumer companies to integrate directly with banks to provide financial services to their customers.

Business Model

Fintech startup Upswing’s banking-as-a-service stack aims to help companies to launch new banking products like savings accounts, deposits and lending services. The platform is highly customisable, simple and modular that reduce the integration efforts of consumer tech players.

Top Competitors
LE
LendingkartU72900GJ2014PTC081539
MO
MobikwikU64201HR2008PLC053766
CF
Capital FloatU65993KA1993PTC074590
PL
Pine LabsU67100DL1998PTC093878
Upswing Funding Details
Funding Highlights
Latest Funding RoundSeries A
Total Funding Raised₹64.96 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors1
Investors
  • QED Investors
Note:

Valuation as on Feb 28, 2022



Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Upswing Financial Details
Financial Highlights
FY 2023-24 Revenue₹4.91 Cr
FY 2023-24 Expenses₹20.32 Cr
FY 2023-24 Profit/Loss-₹15.42 Cr
Net Cash Flow From OperationsNil
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
Upswing Key People
People Metrics
Current Core Team2
Board Members/Directors2

Core Team

NG
Nihar GuptaCo Founder
AB
Anupam BagchiCo Founder

Board Members/Directors

AB
Anupam BagchiDirector
NG
Nihar GuptaDirector
Upswing Documents

AY - 2021-22

Profit and Loss statement - Upswing - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Upswing for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - Upswing - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of Upswing for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and Loss statement - Upswing - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Upswing for FY 2022-23.
₹249.00 ₹498.00
Balance Sheet - Upswing - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of Upswing for FY 2022-23.
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - Upswing - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Upswing for FY 2023-24
₹249.00 ₹498.00
Balance sheet - Upswing - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of Upswing for FY 2023-24
₹249.00 ₹498.00

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