✨ Upvest, a stock trading API used by N26, Revolut and others, raises $105 million Upvest, a Berlin-based fintech startup, provides a white-label investment platform used by major European companies like Bunq, N26, and Revolut, reaching over 50 million users. The company has announced a €100 million Series C funding round, led by Hedosophia and joined by Sapphire Ventures, Bessemer Venture Partners, and BlackRock. Although Upvest hasn't disclosed its new valuation, it states it is significantly higher than its previous valuation after a €42 million Series B round. Upvest's platform allows clients to offer fractional stock trading and access to various financial products, with plans to expand into crypto, derivatives, and bonds. In 2024, Upvest processed 20 million orders, with recent activity averaging about one million trades per week. The startup has also received authorization from the Financial Conduct Authority (FCA) to operate in the U.K. Recognizing the need for localized investment solutions, Upvest plans to support products like France's PEA and the U.K.'s ISA and SIPP accounts, which offer tax advantages. This focus on geographic customization could create competitive barriers as Upvest aims to attract an additional 50 million customers. 💬 Source 📌 Powered by V3V Ventures