Hedosophia led the company’s €100 million Series C investment round.
Fintech startup Upvest has received nearly 100 million euros in investment. Hedosophia led the company’s €100 million Series C investment round. Sapphire Ventures, Bessemer Venture Partners and BlackRock also participated in the investment round of the Germany-based company.
Upvest announced that it plans to use the new investment to develop its platform, acquire new customers and integrate new financial products.
Founded in 2017 by Martin Kassing, the company basically enables fintech companies to offer investment tools to their customers. Upvest offers APIs that allow customers to access financial products such as stocks, exchange-traded funds (ETFs) and mutual funds.
Upvest powers the investment platforms of major fintech companies, giving their users easy access to a variety of financial products. The company’s solutions allow fintech companies to offer investment services under their own brand. In short, fintech companies can use Upvest to integrate investment and finance-oriented products into their platforms.
The Upvest initiative, which aims to enter the tracker stock business, is also actively used by major fintech companies such as N26, Revolut, Bunq, Raisin and Vivid. On the other hand, let’s add that Upvest has a platform reaching a total of 50 million users. According to the information provided by Upvest, the company performs approximately 1 million transactions per week.
