About Upside Financing
Upside Financing is a company based in Austin (United States) founded in 2021 was acquired by Ampla in November 2022.. Upside Financing has raised $10.5 million across 1 funding round from investors including Ampla, M13 Company and Matrix. Upside Financing operates in a competitive market with competitors including AuctionCredit and ScaleCapital, among others.
- Headquarter Austin, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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Funding Insights of Upside Financing
Upside Financing has successfully raised a total of $10.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $10.5 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $10.5M
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First Round
First Round
(16 Nov 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Upside Financing | Valuation | M13 Company |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Upside Financing
Upside Financing has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Ampla, M13 Company and Matrix. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by M13 venture capital fund.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Seed and early-stage tech startups are invested in by Upper90.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Upside Financing
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Upside Financing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Upside Financing Comparisons
Competitors of Upside Financing
Upside Financing operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AuctionCredit and ScaleCapital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Term loans are extended to small and medium enterprises.
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| domain | founded_year | HQ Location |
Offers inventory financing, title loans, payday loans, and small business loans to clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Upside Financing
Frequently Asked Questions about Upside Financing
When was Upside Financing founded?
Upside Financing was founded in 2021.
Where is Upside Financing located?
Upside Financing is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Upside Financing a funded company?
Upside Financing is a funded company, having raised a total of $10.5M across 1 funding round to date. The company's 1st funding round was a Seed of $10.5M, raised on Nov 16, 2021.
What does Upside Financing do?
Upside was founded in 2021 in Austin, United States, within the fintech sector. An online marketplace is operated to enable inventory financing, allowing businesses to convert inventory into cash prior to due payments. Integration tools are provided for existing accounting software, alongside features for managing credit limits. Operations focus on streamlining financial processes for inventory-dependent enterprises.
Who are the top competitors of Upside Financing?
Upside Financing's top competitors include AuctionCredit and ScaleCapital.
Who are Upside Financing's investors?
Upside Financing has 6 investors. Key investors include Ampla, M13 Company, Matrix, Upper90, and Deep Lake Capital.