Berlin-based Upvest has raised €108 million in fresh funding to accelerate the transformation of investment infrastructure across Europe, positioning itself as a foundational layer for banks, brokers, and FinTechs.
The round includes:
- €78 million in equity led by Sapphire Ventures and Tencent
- €30 million in debt financing
With this raise, Upvest is doubling down on its mission: modernising legacy banking systems and powering the next generation of investment experiences.
Rebuilding the Backbone of Investing
While consumer-facing FinTech gets the spotlight, companies like Upvest are quietly rebuilding the plumbing behind the scenes.
Founded in 2017, Upvest provides:
- API-based securities infrastructure
- Trading and custody services
- Back-office automation
This allows financial institutions to:
- Launch investment products faster
- Reduce operational overhead
- Scale without rebuilding core systems
CEO Martin Kassing puts it simply:
“We provide the infrastructure needed to grow investment propositions profitably and at scale.”
Bigger Than the Rest of the Stack
Upvest’s €108 million round stands out—not just for its size, but for what it represents.
In adjacent financial infrastructure segments (payments, open banking, APIs), recent funding rounds collectively total around €98 million—meaning Upvest alone has raised more than many of its neighboring categories combined.
This signals a shift:
👉 Investors are moving deeper into financial infrastructure, not just surface-level applications.
Powering Europe’s Top FinTechs
Upvest already serves a strong roster of clients, including:
- Revolut
- N26
- Webull
- Raisin
- Santander’s Openbank
- DKB
Its platform processes 100+ million trades annually, making it one of the most active infrastructure providers in Europe.
From APIs to AI-Driven Investing
Upvest is now expanding beyond core infrastructure into AI-enabled investing.
Key areas of focus include:
- Real-time programmable execution APIs
- AI-powered advisory engines
- Hyper-personalised retail investment experiences
This opens the door for:
- Autonomous portfolio management
- Smarter retail investing tools
- Scalable advisory services
Unlocking Pension and Local Market Complexity
One of Upvest’s biggest advantages is handling regulatory and market complexity.
The company enables clients to quickly launch region-specific products like:
- Germany’s Altersvorsorgedepot
- UK’s Self-Invested Personal Pensions (SIPPs)
What used to take years can now be deployed in months, with better UX and lower cost.
Riding Europe’s Infrastructure Boom
Upvest’s growth aligns with a broader wave of infrastructure investment across Europe:
- Payments APIs
- Open banking platforms
- B2B financial integrations
But Upvest sits at a deeper, more complex layer—securities infrastructure—where barriers to entry are higher and long-term defensibility is stronger.
What This Means
Upvest is emerging as a key player in a major shift:
👉 Financial institutions are no longer building everything in-house
👉 Infrastructure is becoming modular, API-driven, and AI-enabled
👉 The future of investing is programmable, automated, and personalised
With fresh capital and strong institutional backing, Upvest is positioning itself to become:
Europe’s default infrastructure layer for investing.
