Upswing Financial Technologies

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Upswing Financial Technologies' Funding

Upswing Financial Technologies recently raised $4.2 million in a second funding round led by Quona Capital. This significant investment underscores the confidence that investors have in Upswing's innovative approach to financial technology. The funds are expected to fuel the company's expansion and enhance its platform capabilities, helping to solidify its position as a leader in the fintech industry.

Upswing Financial Technologies' Platform

Upswing Financial Technologies offers a full stack API platform designed to streamline financial services. Their open finance-as-a-service platform is highly customizable, simple, and modular, allowing partners to launch financial products in mere weeks instead of years. This rapid deployment capability is crucial in the fast-paced fintech sector, enabling companies to quickly adapt to market demands and regulatory changes.

Upswing Financial Technologies' Compliance Management

One of the standout features of Upswing Financial Technologies is its robust compliance management system. The platform ensures that all financial products adhere to regulatory standards, allowing financial institutions to focus on enhancing the customer experience. This compliance-focused approach reduces the risk of regulatory breaches and fosters trust among clients and stakeholders.

Upswing Financial Technologies' Technology Stack

Upswing employs a microservices architecture utilizing advanced technologies such as Kotlin, Postgres, Apache Pulsar, Kubernetes, and Gradle. This tech stack ensures the platform is scalable, reliable, and efficient. Microservices architecture also allows for independent deployment of services, enhancing the platform's flexibility and reducing downtime during updates.

Upswing Financial Technologies' Locations

Headquartered in Mumbai, Upswing Financial Technologies also maintains an office in Bengaluru. These strategic locations place the company at the heart of India's bustling fintech ecosystem, providing access to a rich talent pool and fostering collaboration with other innovative financial services firms. The dual-city presence also offers operational advantages, such as proximity to key financial hubs and regulatory bodies.

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OneFin, formerly known as Cready and Credy, is a Bengaluru-based fintech company specializing in credit and lending, with a team of 40 members. Backed by Y Combinator and Khosla Ventures, OneFin has facilitated over 1 million loans and enabled loan disbursements exceeding $600 million since its launch in November 2016.