Berlin-based Upvest, which has built an investment API, has collected €4m in funding from ABN AMRO Ventures.
This capital injection will help accelerate the company’s growth.
Upvest’S Securities API is designed to transform the traditional securities infrastructure. It claims its technology helps to make investing as easy as spending money.
Through a simple gateway API, FinTech organisations can develop and create investment products with greater flexibility.
ABN AMRO Ventures director Tim Wanders said, “We are very excited to support Upvest in its mission towards becoming one of the leading, pan-European investment infrastructure providers. For both incumbents such as ABN AMRO as well as for new and upcoming financial services providers, we believe brokerage as embedded finance is a capability here to stay. Upvest is well positioned via its API-first platform to help enable this across borders, markets and products.
“Additionally, we are looking forward to partner with this stellar team and to collaborate again with co-investors HV Capital and Earlybird whom we worked with in the past.”
The company previously scored €5m in funding late last year.
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