Upvest, a Berlin-based fintech firm specializing in API-driven investment solutions, has raised €100 million in a Series C funding round.
The round was led by Hedosophia, with participation from Sapphire Ventures, Bessemer Venture Partners, BlackRock, and others. The funding will be used to expand Upvest’s team, enhance its product offerings, and deepen its partnerships with financial institutions.
Simplifying Investments with Technology
Founded in 2017 by Martin Kassing, Upvest provides a regulated investment API that allows financial institutions to offer products like stocks, ETFs, and mutual funds in fractional and portfolio forms. Its low-friction infrastructure reduces entry barriers, enabling investments from as little as €1.
The API is tailored for both traditional banks and fintech platforms, such as neo-brokers and neo-banks. In 2024, the firm processed over 20 million orders, serving clients like Revolut, Raisin, N26, and bunq, while achieving 25% monthly revenue growth.
CEO Martin Kassing stated: “This funding will fuel our mission to make investing as seamless as spending money, helping us conquer new markets, build innovative products faster, and set a new standard for investment infrastructure.”
Advertisement
Expanding Across Europe and the UK
Upvest recently secured authorization from the Financial Conduct Authority (FCA), enabling UK-based fintechs to launch investment services using its API. The company plans to introduce new features, including regional investment options, pension wrappers (ISA/SIPP, PEA), and tax services.
Backing from Leading Investors
- Hedosophia and Sapphire Ventures emphasized their support for Upvest’s innovative approach to wealthtech.
- Andreas Weiskam, Partner at Sapphire Ventures, noted: “Upvest’s full-stack system uniquely addresses the needs of banks and fintechs, driven by an exceptional team with decades of wealthtech experience.”
Future Outlook
With its cutting-edge API solutions and robust growth, the scale-up is poised to redefine investment infrastructure, empowering financial institutions across Europe and the UK to offer seamless, scalable investment options.
