Upvest’s $105M Funding Round Fuels Expansion of Its Fintech API Platform
While Upvest may not be a household name, its technology powers some of Europe’s most prominent fintech apps. The Berlin-based startup, founded by Martin Kassing, has become the backbone for stock trading features in platforms like N26, Revolut, Bunq, and Shares—serving over 50 million users indirectly through its white-label API.
Key Funding Details
- $105M Series C round (€100M) led by Hedosophia
- Participation from Sapphire Ventures, Bessemer Venture Partners, and BlackRock
- Valuation remains undisclosed but reported as “significantly higher” than its $42M Series B in 2022
Andreas Weiskam of Sapphire Ventures praised Upvest’s platform: “Their full-stack system addresses enterprise banks and fintechs with exceptional usability, innovation, and resilience.”
What Upvest’s API Enables
The platform allows partners to offer:
- Fractional stock trading
- Access to ETFs and mutual funds
- Future plans for crypto, derivatives, and bonds (including ELTIFs)
Growth Metrics and Market Expansion
- Processed 20M orders in 2024, with weekly volumes hitting ~1M trades
- Recently secured FCA authorization to operate in the UK
- Currently serves Eurozone and UK clients, with plans to localize offerings (e.g., France’s PEA, UK’s ISAs)
Competitive Landscape
While rivals like Bitpanda also provide white-label solutions (e.g., for N26’s crypto features), Upvest’s focus on regulatory compliance and localized financial products creates a high barrier to entry. The fresh funding will accelerate scaling to serve its next 50M users.
Why This Matters
Upvest exemplifies the growing demand for embedded finance infrastructure. By handling licensing, technology, and partnerships, it allows fintechs to focus on UX while democratizing investment access across Europe.
📚 Featured Products & Recommendations
Discover our carefully selected products that complement this article’s topics:
🛍️ Featured Product 1: Women’s Diesel Trench Coat (S)
Image: Premium product showcase
Advanced women’s diesel trench coat (s) engineered for excellence with proven reliability and outstanding results.
Key Features:
- Premium materials and construction
- User-friendly design and operation
- Reliable performance in various conditions
- Comprehensive quality assurance
🔗 View Product Details & Purchase
💡 Need Help Choosing? Contact our expert team for personalized product recommendations!
