N26 teams up with Upvest to offer stock and ETF trading

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N26 teams up with Upvest to offer stock and ETF trading
Credit: © Reuters.

GERMANY - N26, Germany's leading digital bank, has announced a strategic partnership with fintech company Upvest to provide its users with the ability to trade stocks and ETFs directly within its app. This move aims to expand the range of financial services available to its extensive customer base, leveraging Upvest's Investment API for a seamless integration.

The collaboration is set to enhance N26's platform by integrating a scalable investment service, which will allow over 8 million customers to engage in securities trading and plan for retirement. By utilizing Upvest's robust platform, N26 ensures regulatory compliance through the necessary securities, brokerage, and custody licenses.

Valentin Stalf, CEO of N26, emphasized the bank's commitment to delivering an exceptional user experience at a competitive price point. He believes that this addition to N26's services will not only offer wealth growth opportunities but also solidify the bank's position as a comprehensive financial hub for its users.

Martin Kassing, CEO of Upvest, expressed enthusiasm for the partnership, highlighting its potential to broaden investment access for N26's customers. Kassing sees the integration as a significant step in streamlining app usage, as customers can now manage diverse financial services from a single platform.

N26, which oversees €100 billion in annual transactions, is keen on maintaining its status as a premier digital bank by continuously enhancing user experience and expanding its service offerings.

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