“Can a European, BaFin-regulated investment API become the default 'take our license' backbone for every neobank and SMB platform that wants to embed stocks, ETFs, mutual funds and treasury yield?”
Founded 2017 as Tokn UG, an early crypto/tokenization play. Pivoted to become an Investment API provider — a B2B2C 'take our license' platform that lets neobanks (N26, Revolut, Bunq, Vivid, Raisin) embed stocks, ETFs, mutual funds, and savings plans without taking on brokerage, custody or settlement licensing themselves. Operates as a BaFin-regulated investment firm in Germany with UK FCA authorization since 2024, expanding into money market funds for SMB platforms (SumUp 2026) as treasury yield becomes the next embedded product layer.
Upvest discloses Upvest Securities GmbH (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Upvest does not disclose a bank charter of its own; its banking services are provided through Upvest Securities GmbH (in-house).
Upvest was founded by Martin Kassing and is founded in 2017, headquartered in Berlin, Germany.
Upvest has raised ~$230M+ in total (latest round: Series D, $125M; valuation: Doubled from $210M (Series C, 2024)).
Get a read on where your own stack stands against Upvest and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.