Upvest, a stock trading API used by N26, Revolut and others, raises $105 million
Dec 13, 2024
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Discover how Upvest just raised $105 million to fuel its growth in the competitive fintech landscape. Learn about their white-label investment platform that powers major players like N26 and Revolut. The discussion highlights their plans to customize services for various European markets, gearing up for a wave of expansion. Dive into the strategic moves that could reshape the investment platform sector!
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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.
Adapting to Regional Investment Preferences
Upvest acknowledges the importance of regional investment preferences as it expands its client base across the Eurozone and the UK. For instance, popular investment accounts such as the French PEA and the UK’s ISA highlight how local regulations and preferences can influence user behavior in investment strategies. By planning to support these local financial products, Upvest aims to create a more tailored trading experience for customers in different markets. This strategic adaptation not only enhances user satisfaction but also establishes a competitive edge, making it more difficult for rival firms to penetrate the same customer segments.
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Upvest's Robust Growth and Strategic Funding Round
Upvest might not be a familiar name if you don’t pay close attention to the fintech industry, but chances are you’ve already interacted with the company’s products. Founded by Martin Kassing (pictured above), the Berlin-based startup builds a white-label investment platform that is used by some of the biggest fintech companies in Europe.