The Berlin-based startup, currently valued at €640M, includes Revolut, N26, and Santander’s Openbank as clients, having processed over 100 million investment orders last year. Just a year after its previous fundraising, Upvest has once again secured funding, indicating a growing demand for investment infrastructure in Europe. The company announced on Tuesday that it raised $125M, comprising $90M in equity led by Sapphire Ventures and Tencent Holdings, as well as a $35M debt facility still in finalization. This new funding round nearly doubles the company’s previous valuation of €360M from December 2024.
Upvest provides the foundational infrastructure for Europe’s investment apps through its API-based platform, enabling banks, neobanks, and fintechs to offer stock trading and investment services without building their own infrastructure. Clients using Upvest’s platform include Revolut, N26, DKB, Santander’s Openbank, and UK digital lender Zopa, which launched stocks and shares ISAs for its 1.6 million customers using Upvest last year.
In 2025, Upvest processed more than 100 million investment orders, reflecting a surge in retail investing across Europe. The company now serves over 30 financial institutions. According to Andreas Weiskam from Sapphire Ventures, the increase in retail investing is prompting Upvest to expand into new assets and AI-enabled capabilities. Tencent’s involvement in the funding round highlights growing cross-border interest in European fintech infrastructure.
Upvest did not specify if the $35M debt facility has closed. This latest funding comes amid rising institutional interest in European fintech infrastructure. The prevailing belief is that the separation of financial services creates ongoing demand for connections between consumer apps and markets, and companies like Upvest are expected to grow alongside the platforms they support. Upvest’s valuation doubling within a year suggests continued investor confidence in this theory. Although Upvest has not discussed a potential third fundraising round, it currently has capital to explore new asset classes and expand geographically, alongside a growing list of European fintech clients needing long-term investment infrastructure.