Upvest wins backing from Tencent and Sapphire Ventures for $125m raise

2026-03-17 · Source: Sifted · Field: Finance & Economics — FinTech & Digital Financial Services, Capital Markets & Investment Management, Banking & Financial Services · Depth: Fundamental Awareness, quick

Summary

Berlin-based investment infrastructure startup Upvest secured a \$125 million funding round on March 17, 2026, comprising a \$90 million equity round led by Sapphire Ventures and Tencent, alongside a \$35 million debt facility. This significant raise, coming just 12 months after its Series C, underscores growing demand for modern alternatives to Europe's legacy banking systems. Founded in 2017, Upvest offers API-based infrastructure that powers trading and back-office operations for financial institutions like DKB, Openbank, Revolut, and N26, processing over 100 million client orders annually. The company plans to utilize the fresh capital to expand its platform, including support for complex tax wrappers and pensions. Additionally, Upvest will roll out AI-powered capabilities to enable more personalized and automated investing at scale, aiming for profitability in the near future.

Key takeaway

Investment infrastructure provider Upvest, backed by Tencent and Sapphire Ventures in a \$125M raise, is integrating AI-powered capabilities into its API-based platform. These AI capabilities will enable more personalized, automated investing at scale, processing over 100 million client orders annually for 30+ financial institutions. This signals a growing demand for AI/ML solutions in financial back-office and trading infrastructure, offering opportunities for professionals to develop scalable, personalized investment products.

Topics

• Fintech Funding
• Investment Infrastructure
• API-based Platforms
• Automated Investing
• AI in Finance

Best for: Investor, Executive, Tech Journalist

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Editorial summary, takeaway, and curation by AIssential. Original article published by Sifted.