Berlin Fintech Upvest Raises $125M for European Expansion
The Upvest team - © Upvest
Berlin-based fintech Upvest has closed a $125 million financing round, reinforcing its position as Europe's go-to investment infrastructure provider. According to the company's press release, the round consists of $90 million in equity led by Sapphire Ventures and Tencent, with continued support from Bessemer Venture Partners and BlackRock. An additional $35 million debt facility is currently being finalized.
Founded in Berlin in 2017, Upvest provides banks, brokers, and wealth managers with API-first infrastructure for their securities business. The company already processes over 100 million orders annually for more than 30 financial institutions, including DKB, Revolut, N26, and Santander's Openbank. Orders are currently growing at a double-digit monthly rate.
The fresh capital will fuel two major priorities. First, Upvest plans to roll out complex pension products tailored to local markets, including Germany's new Altersvorsorgedepot and the UK's SIPPs. The goal is to help banks launch these high-demand products in months rather than years. Second, the company is expanding its AI-powered investment capabilities, enabling financial institutions to offer hyper-personalized advisory services at scale.
CEO Martin Kassing noted in the press release that the round, coming just 12 months after the Series C, reflects strong momentum toward becoming the top investment infrastructure choice across Europe's largest markets.
For Berlin's fintech scene, this is another clear signal that the city continues to attract serious capital and build companies with continental reach.
Thinking about launching a business, setting up premises, or creating partnerships in Berlin?
We invite you to contact us.
Our team is ready to help you with our free consultation services.