Uphold is a London-based fintech company specializing in app-based digital wallet and exchange services for cross-border money transfers. Founded in 2013, the platform enables seamless conversion between fiat currencies, cryptocurrencies, and precious metals. Here’s a detailed look at its operations, funding, and competitive landscape.
Key Features of Uphold
- Multi-Asset Platform: Supports conversions across 50+ currencies, cryptocurrencies, and commodities.
- Zero-Fee Transfers: Users can transfer funds between Uphold accounts without fees.
- Global Accessibility: Available on iOS and Android devices in 150+ countries.
- Revenue Streams: Earns through spread margins on currency exchanges and premium services.
👉 Explore Uphold’s platform for seamless cross-border transfers
Company Snapshot
| Metric | Detail |
|---|---|
| Founded | 2013 |
| Headquarters | London, United Kingdom |
| Total Funding | $73.4M (as of 2025) |
| Active Competitors | 1,833 (261 funded) |
Funding History
Uphold has secured $73.4M across 4 funding rounds:
- Angel Round (2018): $57.5M led by Greg Kidd.
- Series B (2016): $1.92M.
- Series B (2014): $9.94M.
Top Competitors
Uphold competes with major players in the crypto-finance space:
- Consensys ($725M raised)
- Luno (Acquired, $13M raised)
- FalconX ($430M raised)
👉 Compare Uphold’s features with top competitors
FAQs
Q: How does Uphold make money?
A: Primarily through spreads on currency conversions and premium account features.
Q: Is Uphold available worldwide?
A: Yes, except in jurisdictions with restrictive financial regulations.
Q: What makes Uphold unique?
A: Its ability to handle fiat, crypto, and commodities in one platform with transparent pricing.
Future Outlook
Uphold continues to expand its asset offerings and partnerships, positioning itself as a versatile solution for global digital finance.