Upvest, a Berlin-based investment infrastructure company, has secured $125 million in new funding to accelerate the modernization of banking and investment systems across Europe and the UK. The financing includes a $90 million equity round led by Sapphire Ventures and Tencent, alongside a $35 million debt facility currently being finalized.
The company provides API-first infrastructure that enables banks, brokers, and wealth managers to offer investment products at scale. Its platform supports trading, custody, and back-office services, helping financial institutions replace legacy systems with more flexible, modular technology.
Upvest processes over 100 million orders annually for more than 30 financial institutions, including DKB, Santander’s Openbank, Revolut, and N26. The company reported strong growth, with order volumes increasing at a double-digit monthly rate and a significant rise in valuation as it moves toward profitability.
The new capital will be used to expand Upvest’s presence in Europe’s largest markets and accelerate the rollout of localized investment products, particularly pension offerings such as Germany’s Altersvorsorgedepot and the UK’s Self-Invested Personal Pensions. The company is also investing in AI-driven capabilities, including programmable execution APIs that support automated and personalized investment services.
Upvest says its infrastructure enables financial institutions to launch new products more quickly while reducing operational complexity and costs. Its platform is increasingly positioned as a backbone for retail investing, particularly as demand grows for personalized and digital-first investment experiences.
Founded in 2017, Upvest has grown to approximately 280 employees and serves millions of end users indirectly through its institutional clients. The company aims to support the next generation of retail investors by enabling financial institutions to scale investment offerings efficiently and profitably.
KEY QUOTES
“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 to be the top choice for financial institutions launching and scaling best-in-class investment experiences at lightspeed in Europe. 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.”
Martin Kassing, CEO And Co-Founder Of Upvest
“Sapphire Ventures is excited to deepen our partnership with Upvest as it aims to become Europe’s leading investment infrastructure platform. Martin and the team have built a scalable, enterprise-grade platform trusted by the region’s most innovative banks and fintechs — meeting the rigorous standards of the largest global financial institutions. With retail investing accelerating across Europe, Upvest is expanding into new assets, local tax wrappers, and AI-enabled capabilities, powering the next generation of personalized investing.”
Andreas Weiskam, Partner At Sapphire Ventures
