Upvest, a stock trading API used by N26, Revolut, and others, raises $105M

Quick Summary:

Founded by Martin Kassing (pictured above), the Berlin-based startup builds a white-label investment platform that is used by some of the biggest fintech companies in Europe.

If they hold their positions for at least five years and make a profit, they get a preferential tax treatment.Similarly, the U.K.has other popular products like ISA (a tax-free savings account) and SIPP (a pension wrapper).

Such additional features will create a barrier to entry for competitors trying to build a white-label investment platform.

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Article Details

Author / Journalist: Romain Dillet

Category: StartupsBusiness

Markets: United StatesFrance

Topics: Fundraising Trading API Fintech Trading Upvest Embedded banking Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 07:00:00 (3 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 770 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24409511

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