Upvest secures $42m in a Series B funding round

One of the largest German FinTech capital deals in 2022, Upvest announced the closure of a $42 million Series B financing transaction. With Earlybird and ABN AMRO Ventures returning as earlier investors and participation from Notion Capital, Partech, 10x Group, Speedinvest, and Maximilian Tayenthal, Bessemer Venture Partners is leading the Series B. (N26).

The funds raised will help Upvest’s Investment-API develop, set the foundation for internationalisation, and progressively grow the company’s staff.

Upvest has received funding from venture capital firms Earlybird, HV Capital, Notion Capital, ABN AMRO Ventures, Speedinvest, and Partech since its Series A round, in addition to backing from the fintech pioneers Felix Haas and Maximilian Tayenthal (N26) (IDnow).

FinTechs can provide their end clients goods in the area of capital market investments, such as ETFs, equities, and crypto assets, thanks to Upvest’s fully operational product offering.

One of the few financial institutions in Europe with all BaFin licences for securities and cryptocurrency brokerage and custody is Upvest, which developed the first end-to-end cloud-native core banking system for investments.