Upvest Secures €100 Million Funding Round

Berlin-based fintech company Upvest has secured €100 million (approximately $105 million) in a Series C funding round led by Hedosophia, with participation from Sapphire Ventures and existing investors including Bessemer Venture Partners and BlackRock. The funding will allow Upvest to double its team of 170, enhance its product offerings, and strengthen its presence in the UK, where it recently gained regulatory approval from the Financial Conduct Authority. Upvest's Investment API is already utilized by major clients like Revolut, N26, and Raisin, enabling them to offer fractional trading in stocks and ETFs. The company has processed over 20 million orders in 2024, averaging about one million trades per week. Future plans include expanding its offerings to include cryptocurrencies, derivatives, and other investment products. Upvest aims to establish a new standard for investment infrastructure, making investing accessible to millions.