Upvest Secures €12m Series A+ Offering First Plug and Play Pan-Europe Securities API

https://thefintechtimes.com/upvest-secures-e12m-series-a-offering-first-plug-and-play-pan-europe-securities-api/
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Upvest, a Berlin-based start-up offering the first
plug-and-play pan-European securities API, has secured an
additional €5m funding. The latest financing round was led by
Earlybird and ensured the close of the Series A+.
This additional funding follows an initial €7m investment from
Notion Capital, HV Capital and
Partech. Upvest is also supported by powerful
fintech angel investors such as Maximilian
Tayenthal,
founder of N26, Felix
Haas
founder of IDNow and Reiner
Mauch,
founder of Consorsbank.

Upvest’s Securities API is intended to transform the
traditional, outdated and regulatory complex securities
infrastructure. Designed as a simple gateway API that is easy to
integrate into existing infrastructure, Upvest’s technology
allows fintech organisations to develop and create investment
products with greater flexibility and speed than ever before, while
still adhering to
European regulations.

Upvest enables fintechs to offer investment products at scale
across countries, allowing them to add assets and modules to their
offerings. This increases value for users by providing access to a
broad range of investment products (ETFs, equities, and
commodities) and assets from both private and public markets.
Besides commonly traded assets, Upvest helps transform illiquid
assets, such as real estate, into liquid assets, while facilitating
an 85% reduction in cost over traditional solutions through its
proprietary blockchain custody service.

Leveraging this fresh funding, Upvest will incorporate a
brokerage bank license (Wertpapierhandelsbank in German) into its
offering, allowing an extension of its product into investment
brokerage and traditional securities custody. The startup’s
latest developments follow a successful initial expansion phase and
meet new challenges: neobanks and neobrokers now shift focus
towards extending product offerings that drive profitability.
Furthermore, maturing millennial markets are looking increasingly
towards consumer friendly investment offerings, as seen in the rise
of neobrokers like TradeRepublic and
Robinhood. The pressure of negative interest rates
is also pushing fintechs to make new product offerings, and Upvest
stands at the ready.

“After a decade of fintech UX innovation, the era of embedded
finance and composable backend systems began. Upvest is at the
forefront of opening up securities trading and custody further. By
building a scalable and modular Securities API, we will enable
fintechs all over Europe to launch investment products easily,”
said Martin Kassing, CEO and Founder of
Upvest.

Tim Rehder, Partner at Earlybird VC, said:
“An increasing demand from millennials for investment products,
combined with negative interest rates, have led fintechs of all
kinds to prioritise their expansion into an investment platform.
Upvest lets them focus on their core business while providing a
simple plug-and-play solution for integrating securities into their
products. What seems simple is in fact a complex infrastructure,
disrupting established national players across Europe. We are
particularly excited to support Martin and the team in their
journey of creating a new European category within B2B security
infrastructure.”

In addition to having Bitwala and
Exporo as customers who already use Upvest’s API
to scale and generate €100m+ in transaction volume to-date,
Upvest counts leaders from fintech giants Transferwise,
Flatex, Raisin
and Onfido among its team.
Upvest plans to expand its team to 40 people by the end of 2020. As
a regulated entity, Upvest is subject to the regulation and
supervision of Germany’s BaFin.

The post
Upvest Secures €12m Series A+ Offering First Plug and Play
Pan-Europe Securities API
appeared first on The Fintech Times.

https://thefintechtimes.com/upvest-secures-e12m-series-a-offering-first-plug-and-play-pan-europe-securities-api/