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According to according to Dealroom data, that was $210m.
So Upvest is likely valued at north of $400mn, going by founders calculations.
Young people are increasingly looking for simple ways to invest, and banks know it.
However, building investment infrastructure from scratch is time-consuming and costly.
Through Upvest, financial institutions can outsource the hard work, focusing on the mainstay of their operations.
Upvests software mainly facilitates stock trades but also offers access to exchange-traded funds (ETFs) and mutual funds.
In 2024, Upvest claims to have processedover 20 million stock orders.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
