Digital bank N26 says it will offer stock and ETF investments in App by partnering with Upvest.
Upvest offers an Investment API that is available to financial services firms to access capital market investment and retirement planning. Upvest will be providing the licenses necessary for securities, brokerage, and custody, while delivering a compliant investment infrastructure tailored to N26’s needs.
N26 CEO and co-founder Valentin Stalf said they have chosen 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.”
Martin Kassing, CEO and co-founder of Upvest, said they are more than proud to support Germany’s largest digital bank.
“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.”
Today, most consumers prefer to utilize fewer financial apps rather than many different services. By offering brokerage services in-app, N26 improves the value proposition for its users.
Both N26 and Upvest are based in Germany. N26 reports over 8 million customers in 24 different markets, while handling over €100 billion in transactions a year.
N26 has raised close to USD $1.8 billion since inception.