Updraft Named One of the UK’s Top Fintech Companies for 2025
We’re honoured to be featured on the prestigious list from CNBC and Statista, recognising our innovation in Alternative Financing. We are thrilled to share some exciting news. CNBC and Statista have recognised Updraft as one of the UK’s Top Fintech Companies for 2025. This prestigious list highlights the most innovative companies in the financial technology […]
Half of Brits overspend due to travel FOMO caused by Instagram and TikTok, driving September getaways and credit debt spike
Credit card debt up 21% with social media & holiday FOMO cited as top causes Social media is fuelling travel FOMO as nearly half of Brits say Instagram and TikTok posts pushed them to overspend in the past few months. Budgets already stretched, with the average Brit adding £1,641 to their credit card debt […]
TikTok scam preys on Britain’s 600,000-strong driving test backlog with £400 fee
Brits risk £400 TikTok diving licence scam as learner backlog hits 600,000 Fraudsters are charging up to £400 for fake documents, luring cash-strapped learners worried about failing. Google searches for “buy drivers licence online” are up 200% in the UK. Britain’s driving test backlog has surpassed 600,000 learners – the longest queue on record. Updraft […]
Latest BNPL instalment options could increase debt-related stress by 17%
The top hidden risks of BNPL instalment plans, including debt-related stress Instalment plans are letting banking customers split credit purchases into monthly payments, marketed as interest-free and convenient. However, this BNPL-style borrowing can encourage bigger spending and increase financial stress, according to data. Updraft Founder shares the top 5 hidden costs of ‘Buy Now, Pay […]
Holidaying abroad this month? Adjusting this ONE setting before you travel could protect your wallet
Experts share ONE VITAL tip to protect your wallet abroad Brits urged to change this setting NOW to stop thieves accessing your money abroad With August set to be the busiest month for Brits jetting-off abroad, Updraft are urging Brits to update one simple setting that could save them thousands. Eurostat data shows thefts across […]
Bank of England rate cut won’t move the needle on 36% APRs for 36 million UK credit card holders
Bank of England rate cut won’t save you from 36% credit card APR The Bank of England is expected to cut the base rate this week, the first drop since March 2023 Consumer confusion is rising as searches for “base rate meaning” are up 213%, while searches for lowering credit interest are up too […]
We’re helping Brits take control of their credit card debt this summer
Updraft hired the UK’s first Financial Lifeguard to help overspending Brits from going in too deep We’re helping Brits stay afloat and in control of their credit card debt this summer You know the feeling. The sun comes out, and suddenly you’re in four group chats planning weekends away, weddings, BBQs, bottomless brunches and last-minute […]
The TikTok trend that could haunt your credit for at least six years
Bankruptcy TikToks are up 600% but could cost you a mortgage, viral ‘bankruptcy hack’ has a 6-year credit catch, expert warns Viral TikTok videos are calling bankruptcy a “hack” TikTok searches for “file for bankruptcy yourself” are up 600% Bankruptcy can block mortgage access for 6+ years Our founder explains how tools […]
1 in 11 Brits missed HMRC deadline in January with penalties up to £1.6k, don’t join them next week
Brits’ one-week warning to avoid paying £1.6k as 1 in 11 miss deadline Millions of self-employed Brits are expected to make their second HMRC “payment on account” by 31 July 2025. The number of missed deadlines has increased from 600,000 in 2022 to over 1 million this January. Missing the deadline triggers immediate […]
Expert warns of ‘hidden crisis’ as rising childcare costs push 1 in 6 parents to credit cards
1 in 6 parents are using credit cards to cover ESSENTIALS, before childcare costs Families are facing an average summer childcare cost of £1,076 per child, putting additional strain on household budgetsduring school holidays. One in six parents have used credit cards to pay for essential household bills in the last three months, highlighting […]