Upvest secures $125 million financing round

The $90 million equity round is led by Sapphire Ventures and Tencent, with strong backing from existing investors including Bessemer Venture Partners and BlackRock. In addition, the company is also finalising a $35 million debt facility to further strengthen its capital base.

The latest round comes 12 months after the company nearly doubled its 170-strong team after closing on a €100 million Series C funding round.

Founded in Berlin in 2017, Upvest currently processes over 100 million trades annually. The firm provides banks, brokers, and wealth managers with modern, API-based infrastructure for their securities business. Beyond software, Upvest provides end-to-end trading, custody, and back-office services. Clients includes digital banks like DKB and Santander’s Openbank, as well as fast-growing global fintechs such as Revolut, N26, Webull, and Raisin.

The company inttends to use the new capital to enable financial institutions to bring high-demand pension products to market in months rather than years, and to roll out AI-supported investment engines to empower clients to build personalized advisory services to everyday retail investors at scale.

Martin Kassing, CEO and co-founder of Upvest, says: “Banks, brokers, and wealth managers choose Upvest for the infrastructure needed to grow their investment propositions profitably and at scale for a new generation of investors. The $125m round, just 12 months after our Series C, underscores our momentum. We will use the capital to accelerate our expansion into Europe’s largest markets, enabling the best local pension products and supporting the new AI investment economy.”