Upvest has signed Germany's growney as its latest client, with the Berlin-based infrastructure provider set to handle execution, custody, settlement and middle- and back-office operations for the digital wealth manager.
Under the agreement, growney will integrate Upvest's Investment API. New customers will be onboarded to the new infrastructure first, with the existing user base to be migrated over the coming months. The move is intended to give growney a modernised technical backbone for its investment offering.
Broader product range for growney clients
As part of the migration, growney customers will gain access to a wider selection of ETFs and mutual funds. This expanded universe will be available across portfolio products, automated savings plans and a range of account types, including individual, joint, child and business accounts.
growney said the new setup will provide the technical foundation to launch investment strategies more quickly. Risk-optimized portfolios have been identified as an early priority for development on the upgraded platform.
"Upvest's technology gives growney the ideal foundation to develop compelling new products and deliver tangible value for our end users and partners," said Thimm Blickensdorf, Managing Director at growney.
Digital investing landscape in Germany
growney's decision comes against a backdrop of consolidation in Germany's digital investing market around a handful of larger players. According to the source, Scalable Capital manages around €4.5 billion in its wealth arm, LIQID about €3 billion, and quirion roughly €2.6 billion. growney, with an estimated €500 million under management as of January 2026, has been positioning itself as a "Stiftung Warentest"-rated alternative for cost-conscious savers.
Upvest’s growth and client base
The growney mandate follows approximately six weeks after Upvest raised $125 million at a €640 million valuation in a funding round led by Sapphire Ventures and Tencent, with participation from existing investors BlackRock and Bessemer Venture Partners.
Upvest stated that it now operates across more than 20 European markets and processes over 100 million orders annually for more than 30 financial institutions. Its existing clients include Revolut, N26, bunq, Webull, Raisin and DKB, alongside Openbank.
The company has also been expanding its product set. In January, Upvest added 2.5 million derivatives instruments through a partnership with Boerse Stuttgart. It also provided the infrastructure for IG Group's stock trading launch in France last November.
The collaboration with growney is intended to further embed Upvest as a key infrastructure provider in Europe's digital investing ecosystem while enabling growney to broaden its offering and accelerate product development.
