What Upvest does

Upvest is a Berlin-based fintech founded in 2017 that operates an API-first investment infrastructure platform for European and UK financial institutions. Its Investment API covers the full investment lifecycle — brokerage, settlement, custody, tax wrappers, corporate actions, and back-office operations — and is delivered through three operating models (Take Our License, Bring Your Own License Single Accounts, Bring Your Own License Omnibus) supervised by BaFin in Germany and the FCA in the UK. As of March 2026, Upvest served more than 30 financial institutions including Revolut, DKB, N26, bunq, Webull, Santander's Openbank, Raisin Bank, Zopa, IG Group, Salt Bank, CMC Markets, Mintos, Vivid, Plum, Qonto, SumUp, and growney, processing over 100 million orders per year across 20+ markets and reaching 2 million+ end users.

The platform is cloud-native and event-driven, built on Google Cloud Platform with ISO/IEC 27001:2022 certification, AES-256 encryption at rest, Cloudflare WAF/DDoS protection, and OAuth-based per-client request signing. Distinctive proprietary components include a Fractions Engine delivering real fractional ownership under German civil law (validated by France's AMF) and a Portfolio Engine executing automated rebalancing at less than 0.1% deviation from target allocation. Upvest also maintains an internal 'AI Toolkit' (30 specialist agents, 36 skills, 40 rules) and an MCP Gateway connecting Claude, Gemini, and GitHub Copilot to engineering, security, and operations workflows — with 80% of feature development now AI-assisted.

Upvest monetises through a quote-based enterprise B2B contract combining a subscription platform fee with usage-based fees on orders, custody, and execution, plus managed-services revenue for middle- and back-office outsourcing and licensing royalties via the Take Our License model. Pricing is not publicly disclosed and is tailored to use case (Fractions, Portfolios, Savings Plans), operating model, and transaction volume. As of March 2026, Upvest employed 280 staff across Berlin and London and was valued at approximately €640 million following a $125 million financing round.

Name

Upvest

Legal name

Upvest GmbH

Website

https://upvest.co

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Upvest is a Berlin-based fintech, founded in 2017 and supervised by BaFin and the FCA, that provides an API-first investment infrastructure platform covering brokerage, settlement, and custody for more than 30 European banks, brokers, wealth managers, and fintechs including Revolut, DKB, and N26.

Ownership category

akta.pro rank

Product category

Investment Infrastructure API

NAICS

Portfolio Management and Investment Advice (52394), Investment Banking and Securities Intermediation (52315), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Full-Service Retail Brokerage & Wealth Platforms (FSAAAAAA)

akta.pro secondary industries

Smart Contract & Token Operations Infrastructure (Lifecycle, Corporate Actions) (FSAGAMAH), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Investment infrastructure API
• Brokerage custody platform
• Wealth management B2B
• Fractional investing API
• Embedded finance investing

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Enterprise B2B Platform Fee / Subscription: Upvest monetises its Investment API plus technology, operations, licensing, and partner ecosystem as a B2B subscription-style engagement with financial institutions and fintechs. The contact form requires funding stage, region, and launch timeline — indicating quote-based, enterprise contract pricing rather than self-serve pricing.
2. Transaction-Based / Usage Fees on Investment API: The platform processes over 100 million orders per year across brokerage, settlement, and custody. Revenue scales with order volume, asset under administration, custody, and execution activity — i.e., usage/transaction-based pricing layered on top of the platform subscription.
3. Managed Services (Operations Outsourcing): Upvest provides full business process outsourcing for middle- and back-office operations across brokerage, settlement, and custody, including order lifecycle, reconciliation, corporate actions, tax handling, and regulatory reporting — a managed services revenue stream alongside the technology fee.
4. Licensing Royalties (License-as-a-Service): Upvest operates as a BaFin- and FCA-supplied custodian and licenses access to its regulatory licenses across Europe and the UK (Take Our License model). Clients can launch and scale compliant investment products across Europe and the UK by leveraging Upvest's supervised licenses instead of obtaining their own.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Upvest provides a cloud-native, event-driven Investment API that enables fintechs, banks, brokers, and wealth managers to launch and scale compliant investment products across Europe and the UK. The platform covers end-to-end brokerage, settlement, and custody, supported by Upvest Securities GmbH (BaFin) and Upvest Securities Ltd (FCA) and delivered via three operating models: Take Our License (TOL), Bring Your Own License (BYOL) Single Accounts, and BYOL Omnibus. It automates over 99% of middle- and back-office processes and serves 30+ financial institutions across 20+ markets, processing more than 100 million orders per year.

Product overview

Upvest operates a single unified investment infrastructure platform, delivered through a modular B2B architecture with three integrated solution pillars: Upvest Product (end-to-end investment infrastructure spanning brokerage, settlement and custody), Upvest Investment API (the cloud-native, event-driven Technology layer) and Upvest Operations (full BPO for middle- and back-office). On top of these pillars sit three client-facing use-case modules — Fractions, Portfolios and Savings Plans — plus three deployment configurations: Take Our License (TOL) and Bring Your Own License (BYOL) for Single Accounts, and BYOL Omnibus. Together these products serve more than 30 fintechs, banks, brokers and wealth managers across 20+ European markets, processing 100m+ orders annually under BaFin and FCA supervision.

Differentiator

Problem solved

Functional benefit

Products and services

• Upvest Investment API Cloud-native, event-driven B2B API with banking-grade security that exposes the full investment lifecycle (accounts, users, branches, orders, positions, transfers, tax wrappers, portfolios, savings plans, fees, taxes, payments, instruments, corporate actions, reporting, custody, treasury) to fintechs, banks, brokers, and wealth managers across 20+ European markets.
• Upvest Operations (BPO) Full business process outsourcing for middle- and back-office investment operations, covering order lifecycle management, reconciliation, corporate actions, tax handling, and regulatory reporting. Automates over 99% of middle- and back-office processes across brokerage, settlement, and custody.
• Take Our License (TOL) Operating model in which Upvest contracts directly with the institutional client and its end users (treated as retail clients), with Upvest acting as the regulated securities institution using its BaFin/FCA licences. Available for the Single Accounts setup.
• Bring Your Own License (BYOL) – Single Accounts Operating model for institutional clients operating under their own regulatory licences, with one segregated Upvest account per end user. Supports users, roles, branches, tax wrappers, savings plans, portfolios, virtual cash, and other retail investment features.
• Bring Your Own License (BYOL) – Omnibus Operating model for institutional clients operating under their own regulatory licences that hold end-user assets in an omnibus account structure. Exposes the same Investment API resources (accounts, account groups, orders, transfers, reporting, custody, treasury, corporate actions) optimised for pooled-asset operations.

Quantifiable outcome

• Processes over 100 million orders per year (up from 20 million in 2024)
• +7 more outcomes

Named customers18 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability11 records

Feature8 records

Partnerships

27 partnerships are on record, tiered flagship and core.

• QontoflagshipStrategic or Co-development Partner · 1 June 2026Partnership to launch an in-app money market fund investing feature for Qonto's 600,000+ SMEs and freelancers across 8 European countries, starting in Germany (Qonto's largest market outside France). Minimum €1 entry; transparent net-of-fees yield shown in the Qonto dashboard. Upvest handles order execution and settlement, custody, regulatory reporting, and tax processing.
• growneyflagshipStrategic or Co-development Partner · 1 April 2026Upvest provides the full investment infrastructure layer for growney, covering execution, custody, settlement, and middle/back-office operations. Supports ETFs, mutual funds, automated savings plans, and individual/joint/child/business accounts. growney is one of Germany's leading digital wealth managers (LAIQON AG majority shareholder).
• CMC MarketsflagshipStrategic or Co-development Partner · 1 March 2026Partnership to launch multi-currency securities trading in Germany (stocks, ETFs, and mutual funds in GBP, EUR, and USD) starting autumn 2026, intended as blueprint for broader European rollout. Upvest provides the full infrastructure layer (execution, custody, settlement, and middle/back-office operations) via a single API.
• SumUpflagshipStrategic or Co-development Partner · 1 March 2026Partnership enabling merchants to invest idle cash in euro-denominated money market funds (from €1) within the SumUp app. Live in Germany from March 2026 with rollout planned across Europe and the UK. Upvest's investment API handles the underlying trading infrastructure.
• DKBflagshipStrategic or Co-development Partner · 1 March 2026Long-term infrastructure partnership under DKB 2030 strategy. Upvest's cloud-native Investment API handles full-stack brokerage, custody, and settlement for DKB's new accounts from end of 2026 with existing accounts migrating in 2027, targeting over 2 million securities accounts by 2030 (more than double current levels). Upvest's fractions engine delivers genuine co-ownership of fractional shares under German civil law.
• MintoscoreTechnology or Integration · 1 March 2026Upvest provides the technological infrastructure and brokerage capabilities for Mintos's new regulated crypto ETPs, including products issued by BlackRock and VanEck, available from €5 minimum investment and managed alongside other asset classes.
• ZopaflagshipStrategic or Co-development Partner · 1 November 2025Partnership to launch a UK retail investment platform through Zopa Investments, offering General Investment Accounts and Stocks & Shares ISAs to the ~15 million UK adults holding excess cash. Targeted full launch early 2026 following beta. Upvest's Investment API powers the new service.
• IG GroupflagshipStrategic or Co-development Partner · 1 November 2025Partnership to offer stock and ETF trading in France via Upvest's Investment API, with plans to extend to additional European countries. Lets IG expand beyond its traditional CFDs and FX offerings and compete with Trade Republic and Revolut.
• Salt BankflagshipStrategic or Co-development Partner · 1 October 2025Upvest powers Salt Bank's entry into securities trading for Romanian retail customers via a fully integrated in-app trading experience backed by Upvest's Investment API. Salt Bank is Romania's first digital-only neo-bank (Banca Transilvania Financial Group) with 500,000+ customers in its first year.
• RevolutflagshipTechnology or Integration · 1 December 2024Revolut uses Upvest's Investment API to offer ETFs and stocks across EEA markets via its EEA trading entity, selected by Revolut as the preferred infrastructure provider for EEA investment expansion.
• Raisin BankflagshipStrategic or Co-development Partner · 1 October 2023Upvest provides the Investment API infrastructure for brokerage, settlement, and custody powering Raisin Bank's new investment services business unit. First project migrated Raisin Invest ETF Robo (€1.5bn AUM) to Upvest's infrastructure; scaled to 50k+ portfolio accounts with <0.1% deviation on annual rebalancing.
• PlumcoreTechnology or Integration · 1 September 2023Upvest's API enables Plum to expand investment offerings in the EU across 9 markets (France, Ireland, Netherlands, Belgium, Italy, Spain, Portugal, Cyprus, Greece), adding direct and fractional EUR ETFs and stocks to Plum's prior 3,000 US stocks offering.
• VividcoreTechnology or Integration · 1 February 2023Upvest's Investment API enables Vivid's Invest 2.0 product, giving end customers access to European ETFs and EU stocks with all relevant shareholder rights, plus real fractional shares from €1 in real time. Vivid had previously offered derivatives in Invest 1.0 only.
• N26flagshipTechnology or IntegrationNamed among Upvest's flagship consumer fintech clients; N26 uses Upvest's investment infrastructure to power its investment product.
• bunqflagshipTechnology or IntegrationNamed among Upvest's consumer fintech clients alongside Revolut and N26; bunq uses Upvest's infrastructure to power its investment offering.
• WebullflagshipTechnology or IntegrationWebull UK uses Upvest's investment infrastructure for its brokerage offering, including UK shares and ETFs.
• Santander's OpenbankflagshipTechnology or IntegrationOpenbank (Santander Group) is a flagship Upvest client; Upvest's investment infrastructure powers Openbank's digital investment experiences.
• GinmoncoreTechnology or IntegrationDigital wealth manager Ginmon migrated from legacy brokerage and custody infrastructure to Upvest's scalable, borderless Investment API.
• Google Cloud Platform (GCP)flagshipTechnology or IntegrationUpvest runs segregated production and dev/test environments on GCP, leveraging FIPS 140-2 Level 1, PCI-DSS, SOC 3, ISO 27001, and ISO 27017 compliance, plus Google Cloud KMS for AES-256 encryption at rest.
• CloudflareflagshipTechnology or IntegrationCloudflare provides Web Application Firewall, DDoS protection, and rate-limiting for all traffic to Upvest services, plus Cloudflare docs integration via the Upvest MCP Gateway.
• WizcoreTechnology or IntegrationWiz provides continuous vulnerability scanning across Upvest's codebase and cloud infrastructure, feeding findings into an agentic vulnerability remediation flow where a Security Agent drafts a fix and opens a pull request.
• Incident.iocoreTechnology or IntegrationIncident.io anchors Upvest's incident response with an integrated AI SRE that pulls in deployments, Linear tickets, diffs, and system performance to surface root-cause hypotheses within seconds of an alert.
• DatadogcoreTechnology or IntegrationDatadog flags anomalies and is integrated via the Upvest MCP Gateway for observability and engineering workflows.
• Anthropic (Claude)flagshipTechnology or IntegrationClaude was rolled out across the entire Upvest organisation in early March 2026 alongside the Series C Extension, with each Upvenger receiving a €20,000 per year token budget. Underpins the Upvest AI Toolkit, the MCP Gateway, and 80% of feature development.
• Google (Gemini)coreTechnology or IntegrationProduct managers use Gemini to research and draft specs as part of Upvest's AI adoption across workflows.
• GitHub (Copilot)coreTechnology or IntegrationUpvest engineers use GitHub Copilot daily as part of AI-augmented engineering workflows, integrated via the MCP Gateway.
• OktacoreTechnology or IntegrationOkta provides authentication for the Upvest MCP Gateway connecting AI tools to internal systems.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Alpaca: US-headquartered B2B brokerage API provider offering embedded investing infrastructure to fintechs and broker-dealers. Closely comparable business model to Upvest (API-first brokerage, custody and execution infrastructure for B2B clients), but focused on US equities and crypto rather than pan-European and UK markets.
• DriveWealth: B2B fractional-share brokerage infrastructure provider powering neobrokers and fintech apps globally. Highly comparable to Upvest's Fractions Engine and BYOL Omnibus operating model — both offer embedded real-time brokerage and custody APIs that let clients launch investing products without their own broker-dealer licence.
• Apex Fintech Solutions: US-based B2B brokerage, clearing and custody-as-a-service provider used by fintechs including SoFi, Stash and Webull. Direct peer to Upvest's TOL/BYOL infrastructure model — provides end-to-end clearing, execution and custody infrastructure on a white-label basis.
• FNZ: UK/global wealth-management B2B platform providing custody, platform technology and operations outsourcing to banks, insurers and wealth managers. Comparable to Upvest's wealth-management use case (Portfolio Engine, automated rebalancing, DPM) and the broader 'wealth infrastructure as a service' category.
• B2Broker: Provider of brokerage and exchange technology infrastructure (turnkey FX, crypto, securities and liquidity solutions) to brokers and fintechs. Comparable to Upvest in serving multi-asset B2B clients with white-label brokerage infrastructure, though stronger in FX/crypto than in EU retail investment products.

Broad incumbents

• Trade Republic: Europe's largest neobroker operating its own regulated brokerage, custody and banking infrastructure in Germany. Relevant both as a competitor (potential Upvest customer or alternative B2B partner) and as a benchmark for European retail-investing scale that Upvest's infrastructure powers.
• Scalable Capital: Munich-based digital wealth and brokerage platform serving European retail investors via its own BaaS offering (Scalable Broker APIs). Comparable as a European competitor using proprietary investment infrastructure rather than a third-party API like Upvest.
• InvestCloud: Global wealth-management technology platform providing digital advisory, portfolio management and operations tooling to banks and asset managers. Comparable to Upvest's wealth/DPM use case (Portfolio Engine, automated rebalancing), but at a much larger enterprise scale and broader geographic footprint.

Emerging players

• Lemonway: European payment and e-money institution offering B2B banking-as-a-service infrastructure for marketplaces, fintechs and platforms. Adjacent peer — comparable regulated-infrastructure / B2B2C business model, but focused on payment accounts rather than investment accounts.
• Bitpanda: Vienna-headquartered European investment platform with its own regulated brokerage, custody and asset infrastructure, plus a Bitpanda Technology B2B offering for embedded investing. Comparable in pan-European multi-asset investing and increasingly overlapping with Upvest on the B2B2C infrastructure layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/upvestco
• LinkedInlinkedin.com/company/upvest
• Xx.com/upvest

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds10 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Upvest