Until recently, Webull UK focused mainly on US and Asian equities. The integration of Upvest’s API into the platform now marks an expansion into the domestic market, offering new asset classes for its retail customer base.
Upvest’s Expansion in the UK
Based in Berlin, Upvest currently operates across 20 European markets and processes over two million investment orders weekly. The firm aims to triple this volume by year-end. Their plans include additional client launches before December, targeting both fintech companies and established financial institutions.
Upvest officials highlighted that the partnership with Webull UK is in line with their mission to simplify access to investment tools for retail clients. They believe it lays a foundation for further product development and enables more diverse portfolio strategies.
Webull UK’s Perspective
According to representatives from Webull UK, this collaboration signifies progress toward offering local investors a broader range of investment options, including exposure to domestic equities and ETFs. Leveraging Upvest’s infrastructure allows the company to expand its service offerings and support diverse portfolio strategies for users.
Operating in multiple global markets—such as the United States, Australia, and Asia—Webull Group serves 14 jurisdictions with a registered user base exceeding 24 million globally.
In December 2024, Upvest announced a EUR 100 million Series C funding round. This was led by Hedosophia and supported by Sapphire Ventures, alongside continued investment from existing backers including Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital.