Upvest receives four million euros

The fintech has once again expanded its Series A funding round. The additional money comes from Dutch bank ABN Amro Ventures.

Back in December last year, fintech Upvest announced a Series A funding round of 12 million euros

. This will now be increased by another four million euros. The new backer is the Dutch bank ABN Amro Ventures. The Dutch have also already invested in Solarisbank and Tink.

Upvest offers an application programming interface (API) for companies that want to offer investment opportunities to their customers. "What was once complex and costly is now simple and affordable - for truly any application and any business," says founder and CEO of Upvest, Martin Kassing

. "Investing is now as simple as it gets." Upvest is in talks with 30 companies for this, he said. The process for the securities trading bank license is still ongoing. The fintech expects to launch its product at the end of the year.

Upvest is also expanding its leadership team with the addition of Oliver Vins as its new COO. Vins is one of the co-founders of robo-advisor Vaamo (now Moneyfarm). Khanh Dang Ngo becomes the fintech's chief legal officer. He previously worked at Exporo and most recently at Trade Republic as chief legal officer (CLO). Today, Upvest employs 40 people. It plans to add another 30 employees by the end of the year.