Despite Looming Crisis Berlin FinTech Upvest Raises $42 Million!

Upvest (website) is one of few financial institutions in Europe owning a regulatory license for securities and crypto brokerage. The Berlin-based startup successfully closed a $42 million Series B funding round led by Bessemer Venture Partners with Earlybird, ABN AMRO Ventures, Notion Capital, Partech, 10x Group, Speedinvest, and Maximilian Tayenthal (N26) all participating.

“We appreciate our investors’ commitment, particularly in light of the current market environment. We see this together with the demand of leading international fintechs for our solution as a confirmation of our unique positioning and market offering,” commented Upvest CEO and founder Martin Kassing (LinkedIn).

Upvest’s technology allows other FinTechs to offer their end customers capital market investment products, including everything from ETFs and stocks to crypto assets. The Pro FIT-Program of Investitionsbank Berlin supports Upvest to research and develop a prediction tool for blockchain transaction fees. This project was co-financed by the European Fund for Regional Development (EFRE).

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