Fintech Startup Uplinq Raises $600,000 From Cambrian Ventures
TORONTO, ON and SAN FRANCISCO, CA / ACCESSWIRE / 14 February 2023 / Uplinq Financial Technologies – the first global credit rating and scoring platform for small business lenders – today announced a strategic investment of $600,000 from Cambrian Ventures (Cambrian), a venture capital firm focused on early-stage fintechs. Cambrian is led by former Andreessen Horowitz (A16Z) partner Rex Salisbury.
“Cambrian invests in the next generation of fintech entrepreneurs and Uplinq’s founders, Pat Reilly and Ron Benegbi, possess the kind of deep domain expertise and entrepreneurial knowledge that inspires confidence,” said Rex Salisbury, founder and general partner of Cambrian. “I can think of no better leaders to improve lending decisions and expand financial inclusion and access to working capital for small business owners around the world.”
Salisbury launched Cambrian Ventures’ first fintech-focused fund of $20 million in 2022. To date, it has invested in more than 10 companies, including OatFi and Keep economicalat the angel, pre-seed and seed stage.
“Cambrian’s support is a testament to Uplinq’s expanding footprint in the fintech ecosystem and our cutting-edge technology, which is already transforming how small business lenders assess risk and credit,” said Ron Benegbi, founder and CEO of Uplinq. “We couldn’t be more excited to partner with Rex. As we enter 2023, we look forward to tapping into his remarkable network of innovators as we continue to expand our global presence, particularly in the United States.”
With this investment, Uplinq has raised approximately $5.6 million, following a $1.25 million investment from ATX Venture Partners in October 2022 and a pre-seed funding round of $3.5 million in April 2022. In addition to to help expand its global presence, the funding will empower Uplinq to scale its workforce and product offerings.
About Uplinq
As the first global credit and scoring platform for small business lenders, Uplinq is a purpose-driven company with a goal to help small business owners access fair and ethical credit while improving SME lending practices for all lenders globally. Uplinq’s ground-breaking technology enables lenders to approve and manage risk on loans they would otherwise have declined based on traditional loan underwriting criteria, while incorporating environmental, market and social data to better understand the specific loan applicant. The technology has served as the basis for more than $1.4 trillion in guaranteed loans. Learn more about Uplinq at uplinq.co and connect them on LinkedIn or Twitter.
About Cambrian Ventures
Cambrian Ventures is an early stage venture capital firm supporting fintech entrepreneurs. The firm was started by Rex Salisbury, a founding member of A16Z’s fintech practice. The firm is backed by leading fintech founders, operators and investors. For more information, please visit and follow Rex on LinkedIn and twitter.
Media contact
Christina Levin
Caliber Business Advisors
[email protected]
SOURCE: Uplinq
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