Overview
Berlin-based fintech Upvest has secured $125 million in funding to enhance its investment infrastructure across Europe and the UK. The financing includes $90 million in equity led by Sapphire Ventures and Tencent, with additional support from Bessemer Venture Partners and BlackRock. This capital will enable Upvest to quickly launch pension products and AI-driven wealth solutions, addressing the challenges posed by outdated technology systems in banks and fintech companies.
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Investors: Sapphire Ventures, Tencent, Bessemer Venture Partners, BlackRock
Berlin-based fintech Upvest has secured $125 million in funding to enhance its investment infrastructure across Europe and the UK. The financing includes $90 million in equity led by Sapphire Ventures and Tencent, with additional support from Bessemer Venture Partners and BlackRock. This capital will enable Upvest to quickly launch pension products and AI-driven wealth solutions, addressing the challenges posed by outdated technology systems in banks and fintech companies.