About Upswing Financial Technologies
Upswing Financial Technologies is a Financial Services company based in Bengaluru (India) founded in 2021 by Anupam Bagchi and Nihar Gupta. Upswing Financial Technologies has raised $8.2 million across 2 funding rounds from investors including Quona, Multiply Ventures and Capier Investments. The company has 27 employees. Upswing Financial Technologies was last valued at $34.47 million in December 2023. Its website upswing.one draws about 25 thousand monthly visits. Its Indian entity Upswing Financial Technologies Private Limited reported revenue of ₹13.46 Cr. Upswing Financial Technologies offers products and services including API Platform. Its focus areas include FinTech, Banking Tech, Open Banking and Banking APIs. Its competitors include M2P Fintech, Falcon and NeoKred; 3 of its 3 listed competitors have raised funding.
Company details
Provider of an API platform enabling companies to offer financial products. The platform allows businesses to integrate and launch financial services. It offers customizable and modular architecture designed to simplify integration with financial institutions. The platform manages compliance, enabling partners to focus on customer experience. It provides a scalable and secure environment for offering financial services.
- Headquarters Bengaluru, India
- Employees 27
- Founders Anupam Bagchi, Nihar Gupta
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website upswing.one
- Social LinkedIn
- Legal Name Upswing Financial Technologies Private Limited
- Date of Incorporation 03 Sep, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.46 Cr
FY 2025 · +174% YoY
- Net Loss-₹20.88 Cr
FY 2025 · -155% margin
- EBITDA-₹20.70 Cr
FY 2025 · -154% margin
- Total Equity Funding$8.2M (USD)
in 2 rounds
- Latest Funding Round$4.2M (USD), Series A
Dec 2023
- InvestorsQuona
& 66 more
- Employee Count27
Associated legal entities of Upswing Financial Technologies
Upswing Financial Technologies operates through Upswing Financial Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Upswing Financial Technologies Private Limited CIN U72200MH2021PTC384071 | Active | 03 Sep 2021 | Mumbai, Maharashtra | ₹13.5 Cr | 27 | 2 | View details |
Products & Services of Upswing Financial Technologies
Upswing Financial Technologies offers a comprehensive portfolio of products and services, including API Platform.
Secure platform for integrating financial products and services.
Funding Insights of Upswing Financial Technologies
Upswing Financial Technologies has successfully raised a total of $8.2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.2 million completed in December 2023. 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 $8.2M
- Total Rounds 2
- Last Round Series A — $4.2M
- First Round $4M
(Dec 2021)
- Investors Count 67
All 2 funding rounds of Upswing Financial Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | $4.2M | Series A | $34.47M | Quona | |
| Dec 2021 | $4M | Seed | $16.09M | QED Investors |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2023 | $34.47M | •••••••• |
| Dec 2021 | $16.09M | •••••••• |
Last known valuation $34.47M (Dec 2023). 67 investors in total: 9 institutional and 58 angel.
Investors in Upswing Financial Technologies
Upswing Financial Technologies has secured backing from 67 investors, including venture fund and angel investors. Prominent investors backing the company include Quona, Multiply Ventures and Capier Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early-stage start-ups | qedinvestors.com | Alexandria, United States | ||
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | ||
Angel Network for Bengaluru based companies | 2015 | capierinvestments.com | Bengaluru, India | |
Potato farming, grain marketing, and equipment services are conducted in Maine. | 2019 | multiplyventures.com | Bengaluru, India | |
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States | ||
Venture capital investments in finance, payments, and commerce startups. | amara.vc | Seattle, United States | ||
Venture capital firm focused on multiple sectors | stargazergrowth.tcc.mode | Bengaluru, India | ||
Venture capital firm investing in early-stage tech startups | metastudioadvisors.tcc.mode | Mumbai, India | ||
Venture capital funding is provided to innovative startups in India. | qedinnovationlabs.tcc.mode | Mumbai, India | ||
JB Jaya Bagchi | unknown_d5c0a4e172124e69a |
Investor details for Upswing Financial Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Upswing Financial Technologies Private Limited (Upswing Financial Technologies)
Upswing Financial Technologies Private Limited is the primary company behind Upswing Financial Technologies. The board of Upswing Financial Technologies Private Limited currently have 2 directors; the longest-serving is Nihar Gupta, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nihar Gupta DIN 09305693 | Director | 03 Sep 2021 | 5 yrs 1 mo | Upswing Financial Technologies Private Limited |
| Anupam Bagchi DIN 09305552 | Director | 03 Sep 2021 | 5 yrs 1 mo | Upswing Financial Technologies Private Limited |
People of Upswing Financial Technologies
17 people are tracked at Upswing Financial Technologies (4 in leadership, 13 in team); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Gazal Garg | Chief Technology Officer | Leadership |
Devesh Agewal | VP Of Engineering | Leadership |
Prashant Singh | SDE II | Team |
Shrinath Joshi | Software Development Engineer | Team |
Divvya Mehta | Senior Software Engineer (founding Engineer) | Team |
Kanagaraj Thiyagarajan | Sr. QA Engineer | Team |
Pradeep E | Product Manager | Team |
Ankit Rusia | Platform Engineer | Team |
Tanisha Grover | People Manager | Team |
Nitin Prakash | Senior Software Engineer | Team |
Shubh Vanvat | Cloud Platform Engineer | Team |
Amit Bahir | Founding Engineer | Team |
Sushan S | Architect - Cloud Platform At Upswing | Team |
Saurabh Waghmare | Software Engineer | Team |
Sagar Panwar | Sde-2 | Team |
Complete people profiles for Upswing Financial Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Upswing Financial Technologies
Figures of Upswing Financial Technologies Private Limited, the primary company behind Upswing Financial Technologies, for FY 2025. Revenue was ₹13.46 Cr (+174% year on year). Net loss was -₹20.88 Cr (-155% margin). EBITDA was -₹20.70 Cr (-154% margin). Revenue has grown at a compounded annual rate of +403% over three years.
- ₹13.46 CrRevenue · FY 2025 · +174% YoY
- -₹20.88 CrNet loss · -155% margin
- -₹20.70 CrEBITDA · -154% margin
- ₹1.9 LakhPaid-up capital
- 27Employees (provident fund records)
- +403%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Upswing Financial Technologies Private Limited are on its company page.
Detailed financial statements for Upswing Financial Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Upswing Financial Technologies
4 dated milestones of Upswing Financial Technologies across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Upswing Financial Technologies is founded.
- Funding First funding round of $4.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $4.2M.
Competitors of Upswing Financial Technologies
Upswing Financial Technologies has 3 listed competitors in our database, 3 of them funded. They include M2P Fintech, Falcon and NeoKred.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| m2pfintech.com | 2014 | Chennai, India | $187.79M | 1,144 | Banking, lending, and payment solutions are provided via custom APIs. | |
| falconfs.com | 2012 | Gurugram, India | $9.2M | 78 | A cloud-native platform is provided for next-generation financial products. | |
| neokred.tech | 2019 | Bengaluru, India | $1.13M | 101 | Provider of open banking and payment infrastructure for digital finance solutions |
Detailed competitors of Upswing Financial Technologies
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Web traffic of Upswing Financial Technologies
The website of Upswing Financial Technologies (upswing.one) receives about 24.6K visits a month.
- Monthly visits24.6K
▲ 26.4% vs previous month
Websites whose visitors overlap most with Upswing Financial Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| thestartuplab.in | 100% | #2,763,076 | View details |
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Related news about Upswing Financial Technologies
Complete news archive for Upswing Financial Technologies
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Frequently Asked Questions about Upswing Financial Technologies
Upswing Financial Technologies was founded in 2021.
Upswing Financial Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Upswing Financial Technologies is a funded company, having raised a total of $8.2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Dec 2021.
Upswing Financial Technologies has 27 employees.
The primary company behind Upswing Financial Technologies, Upswing Financial Technologies Private Limited, reported revenue of ₹13.46 Cr for FY 2025, up 174% year on year.
Provider of an API platform enabling companies to offer financial products. The platform allows businesses to integrate and launch financial services. It offers customizable and modular architecture designed to simplify integration with financial institutions. The platform manages compliance, enabling partners to focus on customer experience. It provides a scalable and secure environment for offering financial services.
Upswing Financial Technologies's top competitors include Falcon, M2P Fintech and NeoKred.
Upswing Financial Technologies offers API Platform.
Upswing Financial Technologies has 67 investors. Key investors include Quona, Multiply Ventures, Capier Investments, Amara VC, and QED Investors.
The valuation of Upswing Financial Technologies is $34.47M as of Dec 2023.
Upswing Financial Technologies operates through Upswing Financial Technologies Private Limited.
The legal entities of Upswing Financial Technologies currently have 2 directors, including Nihar Gupta, Anupam Bagchi.