German digital bank N26 and investment fintech Upvest will partner to offer ETF and stock trading for its customers.
Users will be able to access ETFs and stocks directly through the N26 banking app once the service launches in H1 2024.
Upvest will provide licences for securities, brokerage and custody as part of a compliant investment infrastructure.
Martin Kassing, CEO and co-founder of Upvest, commented: “We are more than proud to support Germany’s largest digital bank in launching their investment proposition.
"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.”
The news marks Upvest’s latest partnership after launching a trading platform alongside Revolut in May, offering access to 158 ETFs from as little as €1.
It also comes a month after BlackRock participated in the Berlin-based fintech’s €30m funding round to capitalise on the rise of digital wealth management in Europe.
A survey conducted by the world’s largest asset manager and YouGov found the number of ETF investors in Europe is expected to grow 32% over the following 12 months, with German retail expected to be the leading growth demographic.
