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Fintech startup Upworth secures funding to democratise money management

Upworth Co-Founders Maxime Chaury (COO & CMO) and Carlos Rios (CTO)

Upworth, an Australian fintech company that aims to democratise money management for all, has completed its AUD 1 million (US$650,000) funding round from unnamed business angels and entrepreneurs.

Founded by Alexandre Chavotier (CEO), Carlos Rios (CTO), and Maxime Chaury (COO & CMO), Sydney-headquartered Upworth provides an online platform to empower users with tools to track all their assets and liabilities in one place, plan their financial independence and grow their wealth.

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All customer data is stored in Australia, and the data exchanges are subject to AES-256 military-grade encryption protocols.

The platform features a dashboard for users to track all their assets and liabilities in one place (bank accounts, investment accounts, superannuation funds, real estate, cryptocurrencies, mortgages, personal loans and alternative assets). It also gives users free access to 170,000 securities across 70-plus global exchanges and the ability to see the breakdown and evolution of their wealth.

In addition, Upworth provides a control tower to leverage open banking and artificial intelligence (AI) to share unique insights and help consumers grow their wealth. It includes a mortgage refinancing module enabling anyone to see in 60 seconds if they can save money on their loans.

The platform also enables consumers to access financial products efficiently that fit their needs, starting with home loans.

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Upworth is also an authorised credit representative in Australia, working with a panel of 30-plus lenders, including ANZ, Westpac, NAB, and Bankwest.

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