Upvest raises $125M, €640M valuation
German brokerage‑as‑a‑service platform Upvest closed a $125 million funding round that values the company at about €640 million, highlighting demand for modular APIs that let neobanks ship trading and savings products quickly reported.
The equity tranche of the round — $90 million — was led by Sapphire Ventures and Tencent (upvest.co). Upvest said it is finalising a $35 million debt facility alongside the equity raise to strengthen its capital base (upvest.co). Existing backers including Bessemer Venture Partners and BlackRock participated in the financing round. (upvest.co) Company statements and reporting say the proceeds will accelerate modernization of legacy banking systems across Europe and the UK and scale Upvest’s investment‑API and engineering team. (upvest.co) Upvest previously closed a €100 million Series C in December 2024 led by Hedosophia, a round that preceded its push into the UK market. (techcrunch.com) Customers named in coverage include N26, Revolut, bunq, Plum and Vivid, all of which use Upvest’s white‑label trading APIs to add brokerage features. (techcrunch.com) Public data compiled by market trackers lists roughly $20 million in revenue and about 182 employees for Upvest in 2025, figures cited by investors in recent coverage. (getlatka.com) Martin Kassing is the founder and CEO of Upvest, which positions itself as an investment‑infrastructure provider for banks and fintechs. (techcrunch.com)
