Berlin’s Upvest raises €108 million to scale securities infrastructure for banks and FinTechs

Upvest, a German investment infrastructure provider, has secured a significant €108 million in financing, signalling a strong push to modernise Europe's legacy banking systems. This substantial funding round, comprising €78 million in equity led by Sapphire Ventures and Tencent, alongside a €30 million debt facility, highlights investor confidence in Upvest's mission to facilitate scalable and profitable investment propositions for financial institutions. The capital injection is earmarked for accelerating expansion into key European markets and supporting the integration of AI-driven investment strategies. The financing round underscores Upvest's strategic position in the evolving financial technology landscape. By providing the necessary infrastructure for banks, brokers, and wealth managers, Upvest aims to enable them to offer advanced investment experiences at speed, catering to a new generation of investors and embracing emerging trends like the AI investment economy. This move is particularly relevant as Europe continues to foster digital sovereignty in its financial sector, seeking robust, localised solutions. Upvest's substantial raise places it prominently within a broader trend of increased investment in financial infrastructure startups across Europe, as observed in recent funding activities. While other firms like Devengo, Open Payments, and Payrails have also attracted capital for their respective payment and financial integration platforms, Upvest's €108 million dwarfs these figures. This suggests a strong investor appetite for companies tackling the deeper layers of financial services, with Germany emerging as a vital hub for B2B FinTech infrastructure.