{"id":646631,"date":"2024-12-12T18:20:18","date_gmt":"2024-12-12T15:20:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/upvest-which-powers-stock-trading-on-revolut-n26-bunq-secures-e100m\/"},"modified":"2024-12-12T18:20:18","modified_gmt":"2024-12-12T15:20:18","slug":"upvest-which-powers-stock-trading-on-revolut-n26-bunq-secures-e100m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/upvest-which-powers-stock-trading-on-revolut-n26-bunq-secures-e100m\/","title":{"rendered":"#Upvest \u2014 which powers stock trading on Revolut, N26, Bunq \u2014 secures \u20ac100M"},"content":{"rendered":"
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If you live in Europe and you use a neobank, you\u2019ve likely been interacting with Upvest\u2019s investment products without even knowing it.<\/p>\n

The Berlin-based startup runs a stock-trading API that integrates into some of the biggest fintechs in Europe \u2014 Revolut, N26, Bunq, Plum, Raisin, Shares and Vivid.<\/span> Through these banks, some 50 million users have access use the company\u2019s investment products, it said.<\/p>\n

Amid a broader neobank boom, Upvest today announced it has raised \u20ac100M<\/span> in a Series<\/a> C funding round led by\u00a0<\/span>Hedosophia<\/span>\u00a0and joined by\u00a0<\/span>Sapp<\/a>hire Ventures<\/span>. Existing investors, Bessemer Venture Partners, BlackRock,\u00a0Earlybird,\u00a0HV Capital, Motive Ventures, and\u00a0Notion Capital also chipped in.\u00a0\u00a0<\/span><\/p>\n

\u201cWith the capital, we will conquer new markets, build exciting new products faster, and serve prime fintechs and financial institutions alike,\u201d said Martin Kassing, CEO and co-founder of Upvest, pictured above.<\/p>\n

Kassing didn\u2019t disclose an updated valuation but he did tell Sifted that it was twice the previous figure, following its $42mn raise in 2022. According to according to Dealroom data, that was $210m. So Upvest is likely valued at north of $400mn, going by founders calculations.<\/p>\n

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Armed with a cosy \u20ac100-mil, Upvest looks to double its 170-strong team and accelerate its expansion into the UK, a country where almost a third of the population<\/a> already uses neobanks like Revolut, Starling, and Monzo. The company recently secured FCA approval, allowing it to integrate into British fintechs, banks, and wealth managers.\u00a0<\/span><\/p>\n

Young people are increasingly looking for simple ways to invest, and banks know it. However, building investment infrastructure from scratch is time-consuming and costly. Through Upvest, financial institutions can outsource the hard work, focusing on the mainstay of their operations.\u00a0<\/span><\/p>\n

Upvest\u2019s software mainly facilitates stock trades but also offers access to exchange-traded funds (ETFs) and mutual funds. The company wants to expand into crypto, derivatives, ELTIFs (European Long-Term Investment Funds), and bonds in any currency.\u00a0<\/span><\/p>\n

In 2024, Upvest claims to have processed\u00a0<\/span>over 20 million stock orders. Recently, its platform has been facilitating 1 million trades per week, with revenues growing 25% per month on average, it said. Given the soaring popularity<\/a> of challenger banks globally, we can expect to see Upvest double down on this rapid growth in the months and years to come.<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

If you live in Europe and you use a neobank, you\u2019ve likely been interacting with Upvest\u2019s investment products without even knowing it. The Berlin-based startup runs a stock-trading API that integrates into some of the biggest fintechs in Europe \u2014 Revolut, N26, Bunq, Plum, Raisin, Shares and Vivid. Through these banks, some 50 million users…<\/p>\n","protected":false},"author":1,"featured_media":646632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280%2C640&url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F12%2FMartin-Kassing-upvest-CEO.jpg&signature=0ee680d318362eaf871f30b19b3e7e0f","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-646631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/646631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=646631"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/646631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/646632"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=646631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=646631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=646631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}