B2B open finance player Upswing raises $4-M from QED Investors, others

Mumbai-based Upswing Financial Technologies, an open finance B2B ecosystem enabler, has raised USD 4 million from QED Investors and a clutch of fintech founders. Fintech founders such as Kunal Shah of Cred; Jiten Gupta of Jupiter; Rajan Bajaj of Slice; Lalit Keshre of Groww; Anurag Sinha of One Card; Shivashish Chatterjee of DMI Finance, Kunal Bahl of Snapdeal, Sumit Gwalani and Sujith Narayanan of Epifi participated in the round. The round also witnessed participation from funds such as Better Capital, Amara VC, Multiply Ventures, Capier Investments and Utsav Somani from AngelList. Upswing, founded by ex-bankers Anupam Bagchi and Nihar Gupta, will use the funding in building plug-and-play platforms for open finance and help fintechs and consumer tech players offer financial services seamlessly.