Choose the operating model that matches your business needs

Whether you’re a licensed bank, a fintech launching your first investment product, or a global broker expanding into new markets, Upvest supports you in every operating setup.

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Upvest enables you in any operating setup

Upvest supports multiple operating models, providing flexibility based on your regulatory status and desired level of functional depth and operational capabilities.

Take-our-licence (TOL)

Bring-your-own-licence (BYOL)

TOL - Single accounts

BYOL - Single accounts

BYOL - Omnibus

Your target
setup

Your proposition enabled by Upvest's licences and investment functionality

Your proposition and licences enabled by outsourced investment functionality

Your proposition and licences with in-house functionality, enabled by Upvest's fractional trading connectivity

Legal perspective

Who provides end-user facing custody and brokerage licences?

You

You

Functional perspective

Who provides the investment functionality?

You

Upvest partnerships

A selection of clients live on this model

Upvest’s operating models in detail

Take-our-licence (TOL) - Single accounts

Your proposition is enabled by Upvest’s licences and investment functionality.

Frontend

User experience

Customer support

Single account functionality

Securities accounts and user management

Taxes, reporting, and corporate actions

Use cases (fractions, savings plans, portfolios)

Middle- and back-office

Investment rails

Brokerage

Settlement

Custody

Licences

Reception and transmission of orders

Execution of orders

Custody

Upvest

You

You/Upvest

Functional setup:

  • You own the frontend and overall user experience.
  • Upvest provides end-to-end functionality across brokerage, settlement, and custody.
  • Upvest handles middle- and back-office services for investment operations.

Legal setup:

  • Contractual relationship with the end user: Both you and Upvest have end-user-facing contracts. Upvest relies on your KYC to onboard end users seamlessly (i.e. via KYC reliance).
  • Your licences: You hold the licences for receiving and transmitting orders (RTO) to Upvest, the executing broker (EXO). Alternatively, you can leverage a liability umbrella (tied agent model) via Upvest’s partner network.
  • Upvest licences: Upvest holds the licences to execute orders on behalf of end users and safekeep securities for end users in regulated custody accounts.

Bring-your-own-licence (BYOL) - Single accounts

Outsource the investment functionality to Upvest and leverage your licences to own the contractual relationship with your end users.

Frontend

User experience

Customer support

Single account functionality

Securities accounts and user management

Taxes, reporting, and corporate actions

Use cases (fractions, savings plans, portfolios)

Middle- and back-office

Investment rails

Brokerage

Settlement

Custody

Licences

Reception and transmission of orders

Execution of orders

Custody

Upvest

You

You/Upvest

Functional setup:

  • You own the frontend and overall user experience.
  • Upvest provides end-to-end functionality across brokerage, settlement, and custody.
  • Upvest handles middle- and back-office services for investment operations.

Legal setup:

  • Contractual relationship with the end user: The relationship fully resides with you, while you outsource the investment-related end-user functionality to Upvest.
  • Your licences: As a bank or investment firm, you hold all end-user-facing licences, including the licences to distribute investment products, execute orders on behalf of end users, and safekeep securities for end users in regulated custody accounts.
  • Upvest licences: Upvest holds the licences to safekeep securities for you in omnibus account(s) as a sub-custodian and to execute orders on your behalf as an executing broker.

Bring-your-own-licence (BYOL) - Omnibus

Your licences with in-house functionality enabled by Upvest’s connectivity.

Frontend

User experience

Customer support

Single account functionality

Securities accounts and user management

Taxes, reporting, and corporate actions

Use cases (fractions, savings plans, portfolios)

Middle- and back-office

Investment rails

Brokerage

Settlement

Custody

Licences

Reception and transmission of orders

Execution of orders

Custody

Upvest

You

You/Upvest

Functional setup:

  • You own the frontend and overall user experience.
  • You own the end-user functionality, including securities accounts and position administration. Upvest provides information on taxes and corporate actions at a B2B level.
  • Upvest further provides brokerage, including real-time fractions, settlement, and custody, as well as middle- and back-office services at a B2B level.

Legal setup:

  • Contractual relationship with the end user: The contractual relationship with the end user fully resides with you.
  • Your licences: As a bank or investment firm, you hold all end-user-facing licences, including the licences to distribute investment products, execute orders on behalf of end users, and safekeep securities for end users in regulated custody accounts.
  • Upvest licences: Upvest holds the licences to safekeep securities for you in omnibus account(s) as a sub-custodian and to execute orders on your behalf as an executing broker.

Take-our-licence

Single accounts

N26: Full end-user-level functionality, operations, and licences delivered out-of-the-box

The TOL Single accounts setup enables N26 to offer stocks and ETFs, while relying on Upvest’s full end-user functionality across brokerage, settlement, and custody, and leveraging our licence coverage.

6 months

to go-live

25+

new features since go-live

18+

European markets live

Read the full story

Bring-your-own-licence

Single accounts

Raisin: Own licences with outsourced investment functionality for accelerated growth

BYOL Single accounts setup enables Raisin to upgrade their infrastructure and benefit from Upvest’s investment functionality across brokerage, settlement, and custody, with operations out-of-the-box, all while being the single entity facing the end user.

1 weekend

to complete a full migration

€75bn

in assets under management

1m+

end users on the Raisin platform

Read the full story

Bring-your-own-licence

Omnibus

Revolut: International expansion with best-in-class investment proposition for fractional trading

BYOL Omnibus accounts setup allows Revolut to make use of their own investment firm licences and own the end-user contractional relationship, while leveraging Upvest for fractional investing of European household-name stocks and ETFs.

3 months

to go-live

80%

fractional orders

5,000+

ETFs and stocks available

Read the full story

Build investment experiences your end users will love

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