Upvest

Upvest is a technology company.

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Updated: Feb 17, 2026 ·

Recent News & Mentions

Dec 1, 2024FundingUpvest - Series C Oct 1, 2023FundingUpvest - Venture Round Jun 1, 2022FundingUpvest - Series B Dec 1, 2020FundingUpvest - Series A Dec 1, 2019FundingUpvest - Series A

Financial History

Upvest has raised $199.0M across 5 funding rounds. Most recently, it raised $110.0M Series C in December 2024.

Total Raised

$199.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Dec 1, 2024	$110.0M Series C	Arbor Ventures, Balderton Capital, Kima Ventures, Notion Capital, Oak HC/FT, Point Nine Capital, Sapphire Ventures, Errol Damelin, Nicolas Debock
Oct 1, 2023	$32.0M Venture Round	Arbor Ventures, Dutch Founders Fund, Earlybird Venture Capital, HV Capital, Notion Capital, Oak HC/FT, Picus Capital, Errol Damelin
Jun 1, 2022	$42.0M Series B	Arbor Ventures, Notion Capital, Oak HC/FT, Erik Podzuweit, Errol Damelin
Dec 1, 2020	$6.0M Series A	Earlybird Venture Capital, Picus Capital
Dec 1, 2019	$9.0M Series A	Arbor Ventures, Dutch Founders Fund, HV Capital, Notion Capital, Oak HC/FT, Errol Damelin

Financial History

Upvest has raised $199.0M across 5 funding rounds.

Total Raised

$199.0M

Valuation

N/A

Deep Dive

High-Level Overview

Upvest is a Berlin-based fintech startup that provides an Investment API enabling businesses, particularly fintechs, to integrate seamless, white-label investment experiences for their customers. It offers access to stocks, ETFs, mutual funds, fractional trading, crypto custody, saving plans, and roundups, solving the complex infrastructure challenges of brokerage, proprietary trading, and custody across Europe.[1][2][3][5] Serving major clients like N26, Revolut, Bunq, Plum, Raisin, Shares, and Vivid—reaching 50 million end users—Upvest holds rare multi-licenses in financial brokerage, proprietary trading, traditional securities custody, and crypto custody, positioning it as a plug-and-play solution for embedded finance.[1][2][5] With strong growth, including a €30 million raise in 2023 from BlackRock and others, and a $105 million Series C in December 2024 (valuation significantly above its prior $42 million Series B), Upvest demonstrates robust momentum in Europe's underserved fintech infrastructure market.[1][2]

Origin Story

Founded in 2017 (with operations scaling from 2019), Upvest was established by Martin Kassing in Berlin to address the barriers fintechs face in offering investments amid rising millennial demand and negative interest rates.[2][6] Kassing's vision was to simplify investing "as easy as spending money," providing a single API for seamless, secure, cross-border access that lets partners focus on their core business while disrupting legacy national players.[3][4][5] Early traction came from partnerships with fintech giants like N26 and Revolut, pivotal moments including BlackRock's 2023 investment and the 2024 Series C led by Sapphire Ventures, which validated its full-stack infrastructure for enterprise banks, fintechs, and direct-to-consumer platforms.[1][2][8]

Core Differentiators

Comprehensive API-first platform: Single Investment API supports any asset (stocks, ETFs, mutual funds, crypto) with features like fractional trading from €1, custom portfolios, automated saving plans, and roundups—plug-and-play for tailored experiences.[2][3][5]
Full-stack licensing and services: One of few in Europe with licenses for financial brokerage (best execution via exchanges), proprietary trading (fractional shares), securities/crypto custody (tax, corporate events, reporting), ensuring compliance and scalability across Eurozone and U.K.[1][5]
Enterprise-grade reliability: Addresses unique challenges with usability, innovation, resilience; clients praise scalability, modularity, internationalization, and quick integration (e.g., ETFs post-EEA launch).[2][5]
Proven network and track record: Powers 50 million users via top fintechs; backed by Sapphire Ventures, BlackRock, HV Capital; expanding to derivatives, ELTIFs, bonds in any currency.[2][5][8]

Role in the Broader Tech Landscape

Upvest rides the embedded finance wave, where fintechs and incumbents like ABN AMRO embed brokerage as a core capability to unlock growth via new investment use cases, fueled by millennial demand and low rates.[3][4] Timing is ideal in Europe's fragmented market, where legacy infrastructure limits scalability—Upvest's borderless, API-driven model disrupts national silos, enables "FinTech as a service," and supports local adaptations like France's PEA accounts.[2][3] It influences the ecosystem by empowering 50 million users through partners, fostering innovation in digital wealth management, and inspiring infrastructure layers for future startups, with BlackRock's involvement signaling institutional validation.[2][5][8]

Quick Take & Future Outlook

Upvest is poised for explosive growth, expanding products to crypto, derivatives, ELTIFs, bonds, and localized features like tax-advantaged accounts, while deepening U.S./global reach post-Series C. Trends like embedded investing, fractional/micro-investing, and regulatory harmonization across Europe will propel it, potentially challenging U.S. giants as valuations climb. Its influence may evolve from fintech enabler to full digital wealth platform, solidifying Berlin's fintech hub status and redefining accessible investing for millions—turning complex infrastructure into everyday opportunity, just as its API empowers partners today.[2][5]

Sources

Frequently Asked Questions

How much funding has Upvest raised?

Upvest has raised $199.0M in total across 5 funding rounds.

Who are Upvest's investors?

Upvest's investors include Arbor Ventures, Balderton Capital, Kima Ventures, Notion Capital, Oak HC/FT, Point Nine Capital, Sapphire Ventures, Errol Damelin, Nicolas Debock, Dutch Founders Fund, Earlybird Venture Capital, HV Capital.