Berlin-based investment API provider Upvest has secured €100 million in a Series C funding round, propelling its ambitious plans to expand and innovate.
Investment and Key Backers
The round was led by Hedosophia and joined by Sapphire Ventures, alongside support from existing investors such as Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital.
Growth Milestones
Founded in 2017, Upvest empowers fintech companies to offer access to investment products like fractional exchange-traded funds (ETFs), stocks, and mutual funds. Future plans include support for derivatives, ELTIFs, and bonds across various currencies.
In 2024, the company processed over 20 million investment orders, serving high-profile clients like Revolut, Raisin, N26, and bunq. It now handles over 1 million trades per week, with revenue growing by 25% per month on average.
Expansion and Workforce Plans
The new funding will help double Upvest‘s 170-strong team and enhance its product lineup to address local market needs, such as those in the UK, where it recently gained Financial Conduct Authority (FCA) authorisation.
Vision for the Future
Martin Kassing, CEO and co-founder of Upvest, outlined the company’s next steps:
“With the capital, we will conquer new markets, build exciting new products faster, and serve prime fintechs and financial institutions alike.”
The company’s commitment to continuous improvement positions it to further solidify its role as a leading embedded investment platform.