Founded in 2017 by Abhishek Soni & Nimesh Verma, Upwards offers personal loans to underprivileged individuals. The brand is funded by marquee investors such as Shunwei Capital, India Quotient, and Mayfield Fund. Upwards uses a range of data sources and advanced analytics to assess the creditworthiness of potential borrowers and provide them with funding quickly and efficiently.
Upwards aims to introduce user-friendly and easy ways of inculcating financial wellness and availability across the country. Upwards has disbursed loans of more than INR 500 Cr to date and offers loans with low processing fees and high approval rates. With a strong presence in the Google Play Store, the Upwards app has seen over 3 million downloads with 50,000+ happy customers.
Upwards is headquartered in Mumbai and has a team of over 70 individuals. Upwards has established its business across 200+ cities and aims to expand its footprint and grow into a leader in the personal finance space in the future.
Upwards was recently acquired by Lendingkart in a deal valued 100-120 cr for future growth
