Martin Kassing, CEO and co-founder of Upvest, says, "We couldn't be more excited about the additional capital that will fuel our mission to make investing as easy as spending money. With the capital, we will conquer new markets, build exciting new products faster, and serve prime fintechs and financial institutions alike. We will continue establishing a new standard of investment infrastructure that delights clients and provides them with a strategic advantage by running on the Upvest platform."
Founded in 2017 by Martin Kassing, Upvest, which is regulated by the German supervision authority is a fintech company to simplifies the investment process for customers. It offers an Investment API to help financial institutions provide investment products such as stocks and Exchange-Traded Funds (ETFs) in nominal, portfolio, and fractional forms.
Upvest claims to offer a low-friction infrastructure for new investment propositions. Its API-based system enables real, physical fractional investing in assets like ETFs, stocks, and mutual funds, reducing entry barriers to as little as €1.
The German company will use the funds to double its 170-strong team, enhance its product offering, strengthen its presence in the UK, and deepen its partnerships with financial institutions.
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