Upvest selects Clearstream for third-party fund processing, execution and distribution support services
Enhanced distribution support and access to vast range of international funds and markets through Clearstream’s fund distribution platform
Increased operational efficiencies through Clearstream’s Vestima, enhancing Upvest’s ability to handle high-transaction volumes at scale
Gateway into fintech for Clearstream, leveraging the advanced infrastructures of both companies
Clearstream, the leading global post-trade services provider and part of Deutsche Börse Group, has been selected by Upvest for comprehensive investment fund processing, execution, and distribution support services. By centralising these services with Clearstream, Upvest will achieve enhanced operational efficiencies and broader coverage of the fund universe. This will enable Upvest’s clients to easily expand their portfolio offering and access diverse investment opportunities.
Upvest, Europe’s leading investment infrastructure provider, is used by fintechs, banks, and wealth managers to offer end users access to seamless and affordable investment products. Through this collaboration, Upvest will benefit from Clearstream’s fund distribution platform, which includes centralised contract maintenance, commission management, and the exchange of data and information between distribution partners and fund providers. Upvest will now have access to Clearstream’s extensive distribution agreements with over 400 asset managers.
By leveraging Clearstream’s market-leading trade dealing and execution platform, Vestima, Upvest also aims to enhance operational efficiency and cost-effectiveness while maintaining the highest standards of asset safety. This integration streamlines fund processing operations, including trading, post-trading, and trailer fees.
Additionally, Upvest will gain access to Clearstream’s extensive suite of services, including fund data services, providing a complete one-stop-shop solution.
Jonathan Brander, COO of Upvest, said: “The collaboration with Clearstream will not only enable us to streamline Upvest’s operational processes but also expand our clients' access to a diverse range of international funds and markets. This allows us to focus on strategic growth while ensuring that our clients benefit from the highest standards of service and regulatory compliance.”
Neil Wise, Chief Commercial Officer for Clearstream Fund Services, added: “Clearstream empowers traditional fund distributors as well as fintechs like Upvest with cutting-edge fund processing and distribution support. By partnering with Clearstream, Upvest gains an industrial digital infrastructure for cost-effective 3rd party funds processing, ensuring reliable processing at scale for all asset classes. At the same time, coupling Vestima with distribution deepens the value to both Upvest and the asset management community alike. We're excited to deliver a complete funds solution that adds value for Upvest and its clients.”
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[Editorial note: Please find here a high-resolution photo of Neil Wise and Upvest’s Press Kit]
About Clearstream Fund Services
Clearstream is the innovative and trusted post-trade business for the global markets. Its segment Clearstream Fund Services delivers solutions for the entire fund ecosystem.
Vestima is the world’s largest fund processing platform providing order execution, settlement and custody services for more than 245,000 funds, ensuring highest asset safety for over 55 fund markets worldwide.
As a global fund distribution platform, Clearstream Fund Services connects international asset managers and fund houses with a global network of distribution partners. It gives access to over 80,000 funds, with value-added services such as trailer fee management and compliance oversight.
Clearstream Fund Services provides premier data management, regulatory and disclosure solutions for the asset management industry and embraces new technologies to help reshape how funds are managed and distributed.
Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.
About Upvest
Upvest is on a mission to make investing as easy as spending money. The company empowers businesses to offer a wide range of investment products and the best user experience in the fields of capital market investment and retirement planning. Upvest’s Investment API is easy to integrate so that fintechs and enterprises alike can save resources and fully focus on their core business.
Upvest is one of the few fintechs in Europe that can provide its B2B clients with the full range of investment opportunities in the areas of principal broking business, proprietary trading, and safe custody business. The company was founded in 2017 by Martin Kassing and currently employs more than 170 people across its hubs in Berlin, London and Tallinn. Its latest €100m Series C fundraising round was led by Hedosophia and Sapphire Ventures, along with existing investors Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital.