- By partnering with Upvest, N26 will seamlessly integrate stocks and ETFs investments within its digital banking experience.
- Upvest will provide licences for securities, brokerage, and custody, as well as a secure investment infrastructure, fully integrated within the N26 app.
- The collaboration marks a further step in Upvest's mission to be the technological backbone helping banks empower their customers to grow their wealth and achieve their financial goals.
Berlin, 29. November, 2023 - N26, Germany’s leading digital bank, has partnered with the infrastructure fintech Upvest to deliver its planned investment offer. N26's end-customers will have the ability to trade stocks and ETFs directly within the N26 app, to grow their wealth and achieve their financial goals with ease and convenience, with Upvest as the technological backbone.
Upvest will provide licences for securities, brokerage, and custody, while delivering a secure and compliant investment infrastructure tailored to N26’s needs and delivered seamlessly within its digital banking app.
Valentin Stalf, CEO and co-founder of N26: “We have chosen to deliver our investment offer in collaboration with a trusted and reliable partner. Upvest provides us with a secure, scalable, and compliant platform, enabling N26 to focus on building a world-class user experience at a market-leading price point.”
“We are more than proud to support Germany’s largest digital bank in launching their investment proposition”, says Martin Kassing, CEO and co-founder of Upvest. "This collaboration is exciting as millions of users at N26 will now have access to a wide variety of stocks and ETFs. We are proud to be N26’s investment infrastructure of choice.”
Upvest is a fintech company founded in 2017 by Martin Kassing that empowers other fintechs to provide their end customers with any type of investment product. To achieve that, Upvest has developed an Investment API that is easy to integrate for small and large fintechs alike. This enables Upvest’s clients to offer their end customers the best experience in the field of capital market investment and retirement planning, save resources and fully concentrate on their core business. Upvest is one of the few fintechs in Europe that can provide its B2B clients with the full range of investment opportunities in the areas of principal broking business, proprietary trading, and safe custody business for traditional securities as well as crypto assets. The company currently employs more than 150 people at its main hub in Berlin. Its latest €30m fundraising round included a participation by BlackRock, alongside its previous investors Bessemer Venture Partners, HV Capital, Earlybird, Notion Capital, ABN Amro Ventures, and 10x Capital.
Julieta Varsano, Upvest GmbH
N26 AG is Europe’s leading digital bank with a full German banking licence. Built on the latest technology, N26’s mobile banking experience makes managing money easier, more secure and customer friendly. To date, it has welcomed more than 8 million customers in 24 markets, and processes over 100bn EUR in transactions a year. N26 is headquartered in Berlin with offices in multiple cities across Europe, including Vienna and Barcelona, and a 1,500-strong team of more than 80 nationalities. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors.
Crystal Goh, N26 AG