Upvest Secures $105 Million : If you’re familiar with major fintech apps like N26 or Revolut, you’ve likely encountered Upvest’s work—even if the name doesn’t ring a bell. This Berlin-based startup is reshaping the world of stock trading and investment platforms, offering a white-label solution to some of Europe’s biggest fintech names, including Bunq, Plum, Raisin, Shares, and Vivid. Collectively, over 50 million users interact with Upvest’s platform through these apps.
A Big Milestone: Series C Funding ( Upvest Secures $105 Million )
Upvest has announced a monumental Series C funding round of €100 million (approximately $105 million). The round was led by Hedosophia, a firm with a history of backing transformative companies, alongside new and existing investors such as Sapphire Ventures, Bessemer Venture Partners, and BlackRock. While Upvest hasn’t disclosed its updated valuation, the company notes it’s significantly higher than its $42 million valuation post-Series B
What Does Upvest Offer?
At its core, Upvest enables fintech companies to integrate stock trading, fractional investing, and financial product offerings like ETFs and mutual funds through an API. But this is just the beginning. The company plans to introduce cryptocurrencies, derivatives, European Long Term Investment Funds (ELTIFs), and bonds in multiple currencies.
Scaling Rapidly– Upvest Secures $105 Million
Upvest has been handling around a million transactions per week, processing 20 million orders in 2024 alone. With its newly acquired Financial Conduct Authority (FCA) license, the startup is ready to expand into the UK, adding to its Eurozone reach.
However, Upvest recognizes that local investment habits vary. For instance: Upvest Secures $105 Million
- In France, products like the Plan d’Épargne en Actions (PEA) are popular for long-term stock investments with tax benefits.
- The UK market favors ISA (Individual Savings Accounts) and SIPP (Self-Invested Personal Pensions) for tax-efficient investing.
Upvest is actively working to integrate these localized offerings, a move that could further differentiate it from competitors like Bitpanda, which also provides a white-label solution.
Future Outlook ( Click Here )
With its fresh funding, Upvest aims to support an additional 50 million customers, expand its geographic footprint, and solidify its leadership in the investment platform space. This growth will not only bring more tailored solutions to various markets but also increase the competitive barriers for new entrants.
In a rapidly evolving fintech landscape, Upvest’s focus on localization, licensing, and cutting-edge technology positions it as a key player in democratizing access to investments across Europe and beyond. Upvest Secures $105 Million