Fintech Upvest Said to Be Valued at €640 Million in Fundraising

Upvest raised $125 million in a new funding round that included existing backers. The German fintech, which supplies brokerage technology to neobanks such as Revolut and to retail lenders, receives investor validation that should support scaling of its infrastructure business and potential revenue growth from partnerships.

Analysis

Upvest raised $125 million in a new funding round that included existing backers. The German fintech, which supplies brokerage technology to neobanks such as Revolut and to retail lenders, receives investor validation that should support scaling of its infrastructure business and potential revenue growth from partnerships.