▼ Summary
– Upvest, a Berlin fintech, raised $125M in a new funding round, achieving a €640M valuation, nearly double its value from a year prior.
– The company provides an API-based investment infrastructure platform, enabling banks and fintechs like Revolut and N26 to offer stock trading without building their own systems.
– In 2025, Upvest processed over 100 million investment orders for more than 30 client institutions, reflecting Europe’s growing retail investing trend.
– The funding round was led by Sapphire Ventures and Tencent, with the latter’s involvement highlighting significant cross-border interest in European fintech infrastructure.
– The investment underscores strong institutional belief in the durable demand for the underlying “rails” that connect consumer investment apps to regulated markets.
Berlin-based fintech infrastructure provider Upvest has successfully raised $125 million in a new funding round, achieving a company valuation of €640 million. This significant capital injection, led by Sapphire Ventures and Tencent Holdings, underscores the robust and accelerating demand across Europe for the essential backend systems that power modern investment platforms. The funding nearly doubles the company’s valuation from just twelve months ago, highlighting strong investor confidence in its growth trajectory and the broader market sector.
Upvest operates as a critical behind-the-scenes partner for financial institutions. Its API-driven platform enables banks, neobanks, and other fintech companies to offer stock trading and investment products to their customers without the immense cost and complexity of building their own proprietary systems from scratch. This “infrastructure-as-a-service” model has attracted a prestigious client base, including major players like Revolut, N26, Deutsche Kreditbank (DKB), and Santander’s Openbank. Notably, digital lender Zopa utilized Upvest’s technology to launch its stocks and shares ISA product for over 1.6 million customers last year.
The company’s impressive operational metrics were a key driver for this latest fundraise. In 2025 alone, Upvest processed more than 100 million investment orders on behalf of its clients, a clear indicator of the surging retail investment activity happening throughout Europe. Its network now supports over 30 financial institutions. Andreas Weiskam, a partner at lead investor Sapphire Ventures, emphasized this trend, noting that Upvest is well-positioned to capitalize on the retail investing boom by expanding into new asset classes, localized tax-advantaged accounts, and AI-powered features.
The participation of Tencent Holdings adds a notable strategic layer to the investment, signaling substantial cross-border interest from global technology giants in European fintech infrastructure. This move suggests that the potential of companies building the financial “rails” is recognized far beyond the continent’s own investment community. While a $35 million debt facility associated with the round was still being finalized at the time of the announcement, the equity portion solidifies Upvest’s financial position.
This successful funding round occurs within a context of growing institutional appetite for fintech infrastructure plays in Europe. The prevailing investment thesis centers on the “unbundling” of traditional financial services, which creates sustained, long-term demand for the specialized companies that connect consumer-facing applications to complex, regulated markets. Upvest’s rapid valuation increase reinforces the belief that firms controlling these essential pipelines are poised for significant growth alongside the digital platforms they empower.
With this new capital, Upvest is equipped to pursue expansion into additional asset classes and new geographic markets. The company’s growing list of blue-chip clients, who will require reliable investment infrastructure for the foreseeable future, provides a strong foundation for its next phase of development. While future fundraising plans remain unconfirmed, the company’s current momentum and market position suggest a promising path forward.
(Source: The Next Web)
