Aussie Fintech Upworth Raises A$1M Seed Funding

Aussie Fintech Upworth Raises A$1M Seed Funding

by November 14, 2023

Upworth, an upcoming Australian fintech company, has raised A$1 million (US$ 650,000) in seed funding from angel investors. The firm is launching its free personal finance management offering to the public.

The platform offers a financial dashboard that allows users to keep track all of their assets and liabilities, such as bank accounts, investments, cryptocurrencies, loans, and more, in one place. This tool also gives users free access to 170,000 securities across over 70 global exchanges, helping users understand how their wealth is evolving.

Upworth employs AI and open banking to offer personalsed financial advice, including a quick mortgage refinancing tool that enables users to check whether they can save money on their loans within one minute.

The digital platform also simplifies the process of finding and obtaining financial products that match the users’ needs, beginning with home loans.

Upworth is an authorised credit representative (ACR) in Australia, working with a panel of over 30 lenders including ANZ, Westpac, NAB, and Bankwest.

The company is also working on new tools that should be available to users from 2024. This includes a self-serve financial roadmap to achieve retirement goals, a fee scanner to identify how to reduce financial costs, and other premium features.

Upworth shared that all customer data is stored in Australia, where data exchanges are subject to AES-256 military grade encryption protocols.

The fintech is also building a knowledge base around personal finance and has started a podcast to help consumers learn more about financial topics.

Founded by CEO Alexandre Chavotier, CTO Carlos Rios as well as COO and CMO Maxime Chaury, Upworth’s product is now available, and interested consumers can sign up for a free account.

Alexandre Chavotier

Alexandre Chavotier

“We are proud to bring Upworth to the world, starting with Australia, providing individuals with powerful tools to achieve financial independence,”

said Alexandre Chavotier, CEO of Upworth.




Featured image: Upworth’s co-founders Alexandre Chavotier (right) and Maxime Chaury (left)