Fintech Upvest Lands €100M to Expand UK Operations
The Upvest team in Berlin - © Upvest
Investment infrastructure provider Upvest has secured €100 million in Series C funding to accelerate its expansion into the UK market and enhance its product offerings. According to the company's announcement, the round was led by Hedosophia with participation from Sapphire Ventures and existing investors including BlackRock and Bessemer Venture Partners.
The Berlin-based fintech, which currently processes over one million trades weekly, serves major financial platforms including Revolut, N26, Raisin, and bunq. The company reports experiencing substantial growth in 2024, with revenues increasing by 25% monthly, positioning it among the fastest-growing B2B fintechs globally.
Following recent FCA approval, Upvest plans to use the funding to double its current workforce of 170 employees and strengthen its presence in the UK market. The company will expand its product suite to include pension wrappers, local investment products, and tax-efficient investing solutions through its smart portfolio engine.
"We couldn't be more excited about the additional capital that will fuel our mission to make investing as easy as spending money," said Martin Kassing, CEO and co-founder of Upvest. The company's investment API enables businesses to offer fractional ETFs, stocks, mutual funds, and soon derivatives and bonds in any currency.
Founded in 2017, Upvest's platform now reaches over 50 million users across Europe through its client network. The company operates from hubs in Berlin, London, and Tallinn, focusing on providing scalable investment infrastructure for fintechs and global financial institutions.
