Upvest, a technology company based in Berlin, has secured $125 million in funding to enhance its API-based investment platform. This round includes $90 million in equity, led by Sapphire Ventures and Tencent, with participation from existing investors such as Bessemer Venture Partners and BlackRock.

Upvest provides banks, brokers, and wealth managers with an API-based infrastructure to manage their securities businesses, covering trading, custody, and back-office operations. The platform is designed to modernise legacy systems, improve operational efficiency, and scale investment offerings. Clients include digital banks such as DKB and Santander’s Openbank, as well as fintech companies like Revolut, N26, Webull, and Raisin.

Scalability and Innovation

The company processes over 100 million annual client orders for more than 30 financial institutions. The new capital will be used to further enhance the platform, managing the complexity of local tax wrappers and accelerating the launch of pension products. Upvest is also introducing AI-supported investment capabilities, using real-time, programmable execution APIs to enable automated and personalised investment services at scale.