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Upvest, a stock trading API used by N26, Revolut and others, raises $105 million
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Quick takeaways
- Upvest, a Berlin-based startup, raised €105 million to enhance its white-label investment platform's trading capabilities, including crypto trading and derivatives.
- Understanding regional investment preferences allows Upvest to tailor its services to local markets, improving user satisfaction and competitive positioning.
Deep dives
The Rise of Upvest in Fintech
Upvest is a Berlin-based startup that has gained recognition in the fintech sector by providing a white-label investment platform utilized by major Eurozone companies like N26 and Revolut. Recently, the company announced a significant 100 million euro Series C funding round, led by Hedo Sophia, which will enable it to expand its offerings and reach more customers. With an impressive ability to process around 1 million trades per week, Upvest aims to enhance its trading capabilities by integrating features like crypto trading and derivatives in the near future. This growth strategy positions Upvest to cater to the unique needs of enterprise banks and fintechs, ensuring its platform remains competitive and user-friendly in a rapidly evolving market.