Seattle-based Upward recently secured $8 million in a funding round co-led by Dundee Venture Capital and Breakwater Ventures Fund, according to reporting by GeekWire. The company offers fintech solutions that help companies launch credit products.
Upward’s embeddable offerings include a credit builder tool that provides consumers with automated credit reporting based on their regular payments, as well as a white-label card and a rental payments solution. Upward’s suite of tools is designed to facilitate higher approval rates for lending products and lower interest rates for consumers.
The company processes more than $10 million in monthly payment volume, according to the GeekWire article. Its new capital brings its total venture funding to $12 million to date.
