"With the capital, we will conquer new markets, build exciting new products faster, and serve prime fintechs and financial institutions alike," said Martin Kassing, CEO and co-founder of Upvest.
"Upvest looks to double its 170-strong team and accelerate its expansion into the UK, a country where almost a third of the population already uses neobanks like Revolut, Starling, and Monzo."
"Young people are increasingly looking for simple ways to invest, and banks know it. However, building investment infrastructure from scratch is time-consuming and costly."
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