By Published March 9 at 4:07 pm Ukrainian startup Upswot is a service that apprises banks of the needs and financial histories of businesses applying for loans, information that is normally provided by analysts. This saves the banks time and money, which allows businesses to get cheaper loans and better deposit rates. Popular on social media
Ukrainian startup Upswot has raised $4.3 million during a seed round, according to its co-founder Dmitry Norenko’s announcement on March 1.
The startup’s four founders: Andriy Davidchuk, Yaroslav Yaroslavsky, Dmitry Norenko and Dmitry Sivolap created a service that allows banks to easily access information about a business’s financial condition.