Upvest, a Berlin-based startup offering a plug-and-play pan-European securities API, has secured an additional €5 million funding, closing its Series A round. The latest financing wave was led by Earlybird and follows an initial €7 million investment from Notion Capital, HV Capital and Partech. The round also attracted a handful of German fintech angel investors, including the founders of N26, IDNow and Consorsbank.
Designed as a simple gateway API that’s easy to integrate into existing infrastructure, Upvest’s technology allows fintechs to create investment products (ETFs, equities, and commodities) with greater flexibility and speed, while still adhering to European regulations.
With the fresh funding, Upvest will add a brokerage bank license (Wertpapierhandelsbank in German) to its offering, extending its product into investment brokerage and traditional securities custody. The startup also plans to expand its 14-person team to about 40 by the end of this year.