The capital is aimed at driving the rollout of complex, localised pension products as well as artificial intelligence (AI)-driven wealth solutions.
Upvest, a Berlin-headquartered technology company and regulated securities institution in Europe, has raised US$125m in a financing round to accelerate the modernisation of legacy banking systems across Europe. The funding round was co-led by Sapphire Ventures and Tencent The company aims to use the capital to drive the rollout of complex, localised pension products, including Germany’s Altersvorsorgedepot and the UK’s Self-Invested Personal Pensions (SIPPs), as well as AI-