Introducing Upswing Financial Technologies, a new and upcoming startup in the world of open finance. With a mission to revolutionize consumer companies and empower financial institutions, Upswing’s Secure, Scalable, and easy-to-integrate API platform is the key. Offering a unique opportunity for companies to elevate banking experiences, their finance-as-a-service platform is a game-changer. Highly customizable and user-friendly, it transforms the lengthy process of launching financial products into a matter of weeks, not years. Upswing is redefining the future of financial technology with innovation that speaks volumes.
About Upswing
Upswing is on a mission to reshape the financial landscape, dedicated to empowering consumer companies and financial institutions. Through their Secure, Scalable, and easy-to-integrate API platform, they provide the essential foundation for the reality of open banking in this decade.
With a focus on robust, customizable, and secure rails, Upswing simplifies processes for consumer companies, facilitating direct integration with banks to offer cutting-edge financial services. Their banking-as-a-service stack is a testament to simplicity and power, allowing companies to bring new products to market in a matter of weeks, not years. Upswing is at the forefront of driving the future of finance.
Vision
Upswing Company Vision: Open Finance Made Easy
- Build. Launch. Grow.: Providing a seamless journey from building to launching and growing financial products.
- Flexible and Customizable: Our modular architecture and flexible APIs empower partners to offer unique features and delightful customer experiences.
- Scalable and Secure: A highly scalable, reliable, and secure platform ensuring partners deliver seamless services to customers.
- Built-in Compliance: Managing compliance with financial institutions, allowing partners to focus on customer satisfaction.
- Launch In Weeks, Not Years: Simplifying complex integrations, drastically reducing the time needed to launch innovative financial products
Founders
Understanding the complexities of establishing a financial services business with a robust technology platform, Upswing has simplified the process of launching financial products. Leveraging their deep domain knowledge, technological expertise, and extensive industry relationships, Upswing takes care of diverse integrations, business processes, and compliance. This allows Upswing’s partners to effortlessly provide financial services to their customers, offering a range of choices, superior products, and affordable pricing with ease.
The founding team includes:
- Anupam Bagchi
Anupam Bagchi, the founder of Upswing Financial Technologies, brings over a decade of rich experience in the financial sector. His journey began as the Head of Business Development for “RuPay, NFS & Financial Inclusion” at the National Payment Corporation of India Limited, where he built the RuPay and AEPS business from scratch. Later, at Axis Bank, he served as the Vice President for Digital Banking, pioneering the creation of a digital-only bank. Bagchi also played a crucial role at Standard Chartered Bank, managing a $1 billion unsecured book. His diverse roles include being the Chief Business Officer at Jupiter, where he created and built the organization, showcasing his prowess in financial leadership and innovation.
- Nihar Gupta
Nihar Gupta is a seasoned retail banking professional with a wealth of experience in digital banking, payments, and cards business. Over the past 5 years, he played a pivotal role in strategic initiatives, including the founding of the 811 Digital Savings Account and setting up NETC (FASTag Issuance) Business. Nihar boasts a strong knowledge base encompassing digital banking, retail liability products, digital payments, product development, and strategy. With a proven track record in project management, channel management, and delivery, Nihar aims to establish consumer-centric payment and delivery channels, optimizing costs and enhancing efficiency. His interpersonal, communication, and organizational skills are complemented by expertise in training, development, and customer relationship management.
- Gazal Garg
Gazal Garg, the Engineering Head at Upswing, is a driving force in the realm of Fintech. His enthusiasm for building a secure, scalable, and resilient Banking-as-a-Service platform for Open Banking defines his role. With a notable stint as the Head of Engineering at Zilingo, Gazal led a tech team of 30+, contributing significantly to the core backend systems of Zilingo’s marketplace. His pivotal role in scaling the engineering organization to 70+ members showcases his leadership and expertise. Gazal is recognized for fostering a culture of ownership and excelling in DevOps functions.
News and Trivia
Upswing, a fintech company, secured $4 million from QED Investors, joined by notable fintech founders including Kunal Shah, Jiten Gupta, Rajan Bajaj, and others. The funds will fuel the development of plug-and-play platforms for open finance. The investment, which also involved Better Capital, Amara VC, Multiply Ventures, and others, aims to streamline the integration process for consumer tech players launching financial products. Co-founder Anupam Bagchi highlighted Upswing’s mission to simplify access to financial services from various digital interfaces in this banking era.
Final Thoughts
Upswing Fintech has made significant strides in revolutionizing the financial landscape by securing a substantial $4 million funding round led by QED Investors. The company’s dedication to simplifying access to financial services through its highly customizable and modular banking-as-a-service stack is commendable. The collaboration with leading banks further underscores Upswing’s commitment to innovation and seamless financial solutions in the evolving fintech ecosystem.
