Milwaukee financial technology startup Upwardli has raised $2 million in seed funding from investors to grow its credit-building platform, the company announced Thursday.
Upwardli will use the capital to hire additional staff, improve platform features to help users build credit faster and expand the reach of its product through partnerships with financial institutions, the company said. The startup currently has eight employees.
Founded in 2021, Upwardli is designed to help new immigrants and young adults establish credit for the first time — a necessary step in qualifying for financial products including credit cards, mortgages and auto loans.
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