Upvest raises $125M at €640M valuation as European retail investing accelerates
Berlin-based fintech Upvest has secured a significant €125 million in funding, propelling its valuation to €640 million. This substantial investment underscores the accelerating growth of retail investing infrastructure across Europe. Upvest's success highlights a burgeoning demand for robust digital solutions that empower both established financial institutions and emerging fintech players. The company has demonstrated impressive traction, processing over 100 million investment orders in the past year and counting prominent clients like Revolut, N26, and Santander's Openbank. This new funding round, achieved just twelve months after its previous fundraise, signals strong investor confidence in Upvest's platform and its capacity to scale within the competitive European market. Upvest's expansion is particularly relevant in the context of Europe's push for greater digital sovereignty, aiming to reduce reliance on non-European technology providers. By offering advanced investment infrastructure, Upvest contributes to building a more self-sufficient European fintech ecosystem, enabling local businesses to compete more effectively on a global scale.
Curated and translated by Europe Digital for our multilingual European audience.
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