Berlin-based Upvest, a leading investment infrastructure provider, has raised €100M in a Series C funding round led by Hedosophia and joined by Sapphire Ventures. Existing investors — Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital — participated.Following recent FCA approval, the funding will double Upvest’s 170-strong team and accelerate its expansion into the UK. The company can now support UK-based fintech, banks, and wealth managers in launching or migrating their investment offerings quickly and seamlessly using Upvest’s investment infrastructure.
How Upvest meets the investment infrastructure needs
Founded in 2017, Upvest addresses critical gaps in the investment infrastructure landscape by providing scalable, compliant, and flexible solutions. These empower financial institutions to offer diverse investment products while prioritising efficiency and customer experience.Martin Kassing, CEO and co-founder of Upvest, told TFN: “Financial institutions are keen to meet the growing demands of end users when it comes to investing—particularly digital natives who want easily accessible, self-directed financial products. However, building investment infrastructure from scratch can be extremely time-consuming and costly for financial institutions and fintech.”Fintechs, banks, and wealth managers, including Revolut, Raisin, N26, and bunq have embraced Upvest’s Investment API. As Europe’s leading investment infrastructure provider, Upvest enables businesses to offer end users access to fractional exchange-traded funds (ETFs), stocks, mutual funds, and soon derivatives, ELTIFs, and bonds in any currency. In 2024, Upvest processed over 20 million orders on behalf of its clients, cementing its position as Europe’s leader in investment infrastructure. This pace has increased to over 1 million weekly trades in recent months. This year, the company’s revenues grew 25% monthly on average, making Upvest one of the world’s fastest-growing B2B fintechs.
Behind Upvest: a combination of cutting-edge technology, licence offering, and a partner platform
What sets Upvest apart is its unique combination of cutting-edge technology, extensive licensing, and a comprehensive partner platform. The product is built for scale, with automated middle- and back-office functions ensuring seamless growth alongside clients.Kassing comments: “Upvest’s goal is to enable our clients to launch or significantly improve their investment product offering and end-user experiences while drastically reducing costs. We achieve this through our modular Investment API, which enables new investment products to be delivered through a state-of-the-art UX (e.g., fractional trading, embedded portfolio engine, real-time data access). This encompasses stocks, ETFs, derivatives, and mutual funds, with derivatives, ELTIFs, and bonds in any currency being added soon.”Regulatory compliance forms the core of Upvest’s offering. The platform seamlessly integrates technology, operations, and licenses to keep pace with changes like SRD II and DORA. Furthermore, Upvest’s simple interfaces and standardised integration support enable rapid go-live timelines—less than three months for brokerage cases.Looking ahead, Upvest will expand its product suite with local solutions in select markets, including pension wrappers (e.g., ISA/SIPP, PEA), local investment products, and tax services. Upvest will enable goal-based and tax-efficient investing at scale through its smart portfolio engine to deliver wealth solutions for millions of end users.
Future of investing: increasing accessibility, regulatory changes, and technological advancements
Europe’s investment landscape is evolving rapidly, driven by increasing accessibility, regulatory changes, and technological advancements. With regulations like MiFID II shaping the future, the focus is on enhancing investor protection and convenience while making investments more inclusive and transparent.“Upvest is at the forefront of this transformation, empowering businesses to launch innovative, compliant solutions quickly via our fully licensed Investment API. By simplifying access, ensuring regulatory adherence, and accelerating time-to-market, Upvest is playing a key role in democratising investments and enabling millions across Europe to invest,” concluded Kassing.Andreas Weiskam, Partner at Sapphire Ventures, adds: “We believe their full-stack system addresses the unique challenges of enterprise banks, fintechs, and D2C platforms with exceptional usability, innovation, and resilience. Upvest has already proven itself a leader in European investment infrastructure, and we’re excited to support its growth as it scales to new heights and makes investing as easy as spending money.”
