Uplinq Secures $5.6 Million In Seed Funding To Revolutionize Automated Bookkeeping And Financial Intelligence For Smbs
Uplinq Secures $5.6 Million In Seed Funding To Revolutionize Automated Bookkeeping And Financial Intelligence For Smbs
12/08/22, 12:07 PM
Location
torontoMoney raised
$5.6 million
Industry
fintech
financial services
Round Type
seed
Investors
Merus Capital, Live Oak Ventures, Az Vc
Uplinq, the tech-powered company that provides advanced bookkeeping solutions through data automation and machine learning, today announced it has raised $5.6 million in seed funding to revolutionize how small business owners manage bookkeeping and provide a more streamlined way of accessing financial data to empower small-to-medium-sized business owners (SMBs) with actionable insights. The funding was led by AZ-VC, the Arizona-focused venture capital fund that is uniquely focused on supporting emerging technology companies throughout the state. The round included a strategic investment from Live Oak Ventures, the fintech-focused venture arm of Wilmington, NC-based Live Oak Bank, one of the biggest SBA lenders that knows firsthand the struggles of bookkeeping for small businesses. Additional investors include Merus Capital and Members of the Kuwaiti Royal Family.
Company Info
Location
toronto, ontario, canada
Additional Info
With a first of its kind solution, Uplinq leverages billions of statistically validated data sets, to support a small business lender’s assessment of the credit worthiness of their business customers, within their existing credit processes.
Uplinq is the first, global credit assessment & scoring platform for small business lenders.
Uplinq empowers lenders to approve and manage risks on loans they would have otherwise declined based on traditional loan underwriting criteria, while incorporating environmental, market & community data to better understand the specific loan applicant. It’s Credit Assessment as a Service.
As a purpose driven company our mission is to help small business owners gain access to fair and ethical credit.