Upvest, the investment infrastructure provider in Europe, and Raisin, Europe’s marketplace for savings and investment products, are pleased to announce the successful migration of single-digit billion in Assets under Management (AuM).
This significant achievement demonstrates “the strength of the partnership between the two fintech leaders and their commitment to offering seamless and efficient investment products.”
The migration, completed with speed and precision via Upvest’s cloud-based Investment API, represents a key milestone for both Upvest and Raisin.
Leveraging Upvest’s technology and Raisin’s extensive expertise in the savings and investment space, the transition was “executed seamlessly and with minimal disruption.”
Kim Felix Fomm, CIO and VP Wealth Management of Raisin Bank, comments:
“The successful migration of our largest investment product in terms of AuM over a single weekend is a testament to the expertise and dedication of both the Raisin and Upvest teams. We are grateful for our partnership with Upvest and look forward to continued collaboration as we work together to drive innovation in the fintech industry.”
Til Rochow, Chief Product Officer at Upvest, said:
“We are thrilled to have partnered with Raisin on this migration. And we look forward to continuing to support Raisin in their mission to empower individuals to achieve their financial goals. This accomplishment showcases Upvest’s ability to provide robust and scalable infrastructure solutions for established players with existing asset pools.”
With this successful migration, Upvest and Raisin have “demonstrated their ability to navigate complex challenges and deliver exceptional results.”
As they continue to push the boundaries of what’s possible in the financial services industry, both companies remain “committed to delivering innovative and modern investment solutions.”
As covered, Upvest is on a mission “to make investing as easy as spending money.”
The company empowers other fintechs “to offer their end users a wide range of investment products and the best experience in the field of capital market investment and retirement planning.”
To achieve that, Upvest has developed “an Investment API that is easy to integrate so that small and large fintechs alike can save resources and fully focus 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 was founded in 2017 “by Martin Kassing and currently employs more than 150 people at its main hub in Berlin.”
Its latest €30m fundraising round “included participation by BlackRock, alongside its previous investors Bessemer Venture Partners, HV Capital, Earlybird, Notion Capital, ABN Amro Ventures, and 10x Capital.”
