Bessemer Venture Partners led a $42m Series B round in Upvest.

Bessemer Venture Partners, an American venture capital firm, led a $42m Series B round in Upvest, a fintech company, with participation from AAC Capital Partners, Partech Partners, Notion Capital Partners, Speedinvest, ABN AMRO Digital Impact fund and 10x.Group. Upvest is part of the hyper-competitive club of banking-as-a-service fintechs that provide the core banking infrastructure for finance companies behind-the-scenes. Like many of the fintechs in this space, it’s built its own cloud-based core banking system. But unlike companies like Thought Machine and Mambu, it’s focused purely on investment products.