TechCrunch Startup News Upvest, a stock trading API used by N26, Revolut and others, raises $105 million
Dec 13, 2024
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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Upvest's Rise in Fintech
- Upvest, a white-label investment platform, powers the investment offerings of major European fintechs like N26 and Revolut.
- The company recently raised $105 million in Series C funding, indicating significant market interest and growth potential.
Upvest's Expanding Investment Options
- Upvest's API enables fractional stock trading, ETFs, and mutual funds, with plans to expand into crypto, derivatives, and bonds.
- Processing 20 million orders in 2024 and averaging 1 million trades weekly, Upvest demonstrates substantial transaction volume.
Localization as a Competitive Advantage
- Upvest aims to tailor its platform to local investment preferences, like France's PEA and the UK's ISA/SIPP.
- This localization strategy creates a barrier to entry for competitors by addressing diverse market needs and regulations.