Upvest, the Berlin-based fintech startup that has revolutionized the financial technology sector with its white-label investment platform, recently announced a significant milestone. The innovative platform, which enables fractional stock trading and access to a range of financial products, is already trusted by an impressive roster of prominent European fintech companies. These include industry names like Bunq, N26, Plum, Raisin, Revolut, Shares, and Vivid, collectively granting 50 million individuals access to Upvest’s robust trading services. This widespread utilization of Upvest’s platform underscores the growing demand for seamless and efficient investment solutions in the fintech world.
Significant Series C Funding
In a remarkable leap forward, Upvest succeeded in securing a €100 million Series C funding round led by Hedosophia, with additional investments from major players such as Sapphire Ventures, Bessemer Venture Partners, and BlackRock. While Upvest has been tight-lipped on the exact post-funding valuation, the company did reveal that it is “significantly higher” than after its previous $42 million Series B round. This fresh injection of capital not only illustrates the confidence investors have in Upvest’s vision but also equips the company with the resources needed to fuel its next phase of growth and innovation.
Sapphire Ventures’ partner Andreas Weiskam highlighted Upvest’s groundbreaking full-stack system for its ability to address the distinct needs of enterprise banks, fintechs, and direct-to-consumer platforms. According to Weiskam, Upvest stands out due to its exceptional usability, forward-thinking innovation, and steadfast resilience. Upvest’s sophisticated API plays a crucial role, allowing companies to offer a variety of investment products seamlessly. Looking ahead, Upvest aims to broaden its repertoire to include diverse financial instruments such as crypto, derivatives, ELTIFs, and bonds, all available in multiple currencies. This expansion is aligned with Upvest’s mission to cater to the dynamic and evolving needs of the fintech landscape.
Expanding Product Offerings and Market Reach
Achieving significant operational milestones, Upvest processed an impressive 20 million orders in 2024 alone, averaging around one million trades each week. This operational efficacy reflects the platform’s capacity to handle substantial trading volumes efficiently. Additionally, Upvest’s recent authorization from the Financial Conduct Authority (FCA) marks a pivotal step in its expansion into the U.K. market. This newfound regulatory approval empowers Upvest to offer its comprehensive trading services to a broader audience while tailoring its offerings to align with specific market preferences, such as France’s PEA accounts and the U.K.’s ISA and SIPP products.
In the competitive realm of fintech, Upvest faces formidable contenders like Bitpanda, which also provides white-label solutions and is notably utilized by fintechs such as Lydia and N26 for their crypto investment features. To retain its competitive edge, Upvest has been strategically focused on acquiring necessary licenses, forging new partnerships, and scaling its services to accommodate an anticipated influx of 50 million additional customers. These concerted efforts are designed to bolster Upvest’s market positioning and ensure that the platform remains at the forefront of the fintech sector by delivering superior and diverse investment solutions tailored to the unique needs of each regional market.
Strategic Vision and Future Outlook
Upvest, a fintech startup based in Berlin, has achieved a notable milestone with its groundbreaking white-label investment platform. This innovative platform facilitates fractional stock trading and provides access to a variety of financial products. Upvest’s platform has gained the trust of many leading European fintech companies such as Bunq, N26, Plum, Raisin, Revolut, Shares, and Vivid, collectively offering 50 million individuals access to Upvest’s comprehensive trading services. This significant adoption highlights the increasing demand for seamless and efficient investment solutions in the financial technology sector. The platform’s success underscores Upvest’s role in streamlining investment opportunities and meeting the evolving needs of the fintech industry. As more companies integrate Upvest into their services, the future of investment in Europe appears both promising and more accessible, confirming Upvest’s position as a key player in the ongoing fintech revolution.
