ABN AMRO and Upvest to cooperate on transaction banking

ABN AMRO has already been supporting Upvest since 2021 through its venture capital arm ABN AMRO Ventures. By cooperating, both partners will now benefit from their capital market expertise and IT competence.

Upvest’s technological interface enables fintechs such as neobanks and brokers to provide their end customers with reliable and secure access to the full range of investment opportunities, from equities and ETFs to cryptocurrencies. The long-term goal of the collaboration is to strengthen the intersection of banking and tech expertise to accelerate the development of innovative fintech solutions.

"We are convinced that brokerage will establish itself as an integrated financial offering for current banks such as ABN AMRO as well as for new and emerging financial service providers. With its platform, Upvest is well positioned to enable this across borders, markets and products. This is just the beginning of the exciting journey that lies ahead," explains Tim Wanders of ABN AMRO Ventures. "Upvest is one of the few European startups that combine a deep understanding of capital markets with outstanding tech expertise. Therefore, we are very excited about expanding our partnership and working even closer together on a day-to-day basis."

"We are very pleased to further expand our trusted partnership with ABN AMRO, one of the most renowned European banks", adds Martin Kassing, CEO of Upvest. "Choosing the right partners and creating win-win situations is key to our ambitious growth plans, making our technology solution available to as many people as possible. Our long-term goal is clear: We want to become the technological backbone for all B2B companies seeking to provide their end-customers with reliable and secure access to the capital markets and crypto assets."

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 allows Upvest 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 90 people at its main hub in Berlin. Series A investors include the venture capital firms Earlybird, HV Capital, Notion Capital, ABN AMRO Ventures, Speedinvest and Partech as well as the fintech founders Maximilian Tayenthal (N26) and Felix Haas (IDnow).

ABN AMRO Ventures is ABN AMRO's corporate venture fund focused on (fin)techs. It invests in innovative companies that specialise in the digitalisation of financial products, services and infrastructure. With EUR 150 million of assets under management, the fund has stakes in 20 companies.