---
title: 'AFC Operations Intern (f/m/d) at Upvest'
canonical: 'https://feeny.ai/job/afc-operations-intern-f-m-d-upvest-berlin-thq5fe9fdyct'
type: 'job'
last_seen: '2026-10-17'
---

# AFC Operations Intern (f/m/d) at Upvest

- **Company:** Upvest
- **Location:** Berlin, Germany
- **Employment:** internship
- **Work type:** hybrid
- **Posted:** 2026-10-16
- **Last confirmed live:** 2026-10-17
- **Apply:** https://jobs.ashbyhq.com/upvest/fe82ad57-73bd-4359-b4e3-904cff54aaa3

## Job description

At Upvest, we are on a mission to make investing as easy as spending money. Upvest empowers businesses to offer a wide range of investment products and the best experience in the field of capital market investment and retirement planning. Upvest’s Investment API is easy to integrate so that fintechs and financial institutions can save resources and fully focus on their core business. We are proud to partner with Europe’s leading Fintechs and financial institutions such as DKB, Revolut, N26 and Raisin. Founded in 2017 by Martin Kassing, Upvest now brings together over 270 talented professionals from more than 70 nationalities. Upvest is backed by €280M in total funding from world-class investors, including BlackRock, Tencent, Sapphire Ventures, and Bessemer Venture Partners, Earlybird, Notion Capital, and Motive. Our latest €105M funding round in March 2026 - led by Sapphire and Tencent - serves as a massive catalyst for our growth, allowing us to offer premier investment experience.

About the role: As an AFC (Anti-Financial Crime) Operations Intern at Upvest, you’ll be at the forefront of our financial crime defense, playing a hands-on role in safeguarding our platform and our clients. You’ll execute Upvest’s first-line-of-defense (1st LoD) AFC processes day to day, the case work that keeps our brokerage infrastructure clean and compliant. This is a full-time, 6-month internship for someone with a first exposure to AFC / KYC or to the financial sector more broadly, for example through studies, customer support, banking operations, or a previous internship, who is ready to take on a real caseload and grow in autonomy. Depending on performance and business needs, the internship may be extended or converted into a full-time position. We’re looking for a reliable, detail-oriented person who understands the basics of KYC/AML and is comfortable managing high-volume operational tasks.

What you’ll do:

- Conducting PEP and Sanctions screening, researching and dispositioning hits as true matches or false positives, with clear, well-documented rationale.
- Performing KYB checks for corporate onboarding.
- Carrying out KYC sample checks, transaction monitoring, and managing the resulting follow-ups with our clients.
- Executing and maintaining AFC procedures and controls in line with regulatory requirements and internal policy.
- Using and helping improve our automation and tooling to make case processing faster and more consistent, for example AI assistants, workflow automation (e.g. n8n), data validation and reporting in the Google Suite (Sheets, Apps Script) and Looker, and basic SQL for querying and cross-checking case data.
- Collaborating with the rest of the AFC Ops team and the AML team (2nd LoD) to continuously enhance our AML systems, tools and workflows.

What you bring:

- A strong analytical mindset, exceptional attention to detail, and a genuine interest in compliance and financial-crime prevention.
- A foundational understanding of KYC/AML concepts, gained through your studies, a previous internship or early work experience in a fintech or financial institution.
- Early experience in a regulated environment is a plus, but not required.
- Comfort with high-volume, repeatable operational tasks and the discipline to keep quality consistent case after case.
- Curiosity about automation and the ability to quickly master new tools, systems and data.
- Excellent communication skills and a collaborative, reliable working style.
- A completed Bachelor’s degree is preferred but not essential.
- Good communication skills in English.

How we Upvest in you:

- Impact-driven work: We’re building the infrastructure that will power the future of investing in Europe. It’s complex, ambitious, and meaningful. You’ll work with modern technologies and create something entirely new. No legacy systems, no limits.
- Team celebrations: Participate in company-wide events, such as UpFest, dinners, offsites and our Holiday party, to connect with colleagues and celebrate our achievements.
- Inclusion: We’re committed to a culture where everyone belongs and thrives. Our Employee Resources Groups foster inclusion and connection, like Upfem Black at Upvest, Up&Out, and UpVergent.

Our Values:

- Make it easy for others. We simplify the complex and act with the best intentions
- Own the outcome. We are proactive, fast and confident to get the job done, valuing progress over perfection.
- Rise to the challenge. We aim high and push the boundaries. We stay curious, learn and celebrate our wins together.
- Tell the story. We start with the Why to align on purpose. We are transparent and share knowledge to empower and inspire others.

Upvest is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

## About Upvest

## Company Overview
- **One-liner**: Upvest provides an API-first investment infrastructure platform that enables financial institutions to offer brokerage, custody, and wealth management products across Europe and the UK.
- **Entity Type**: Private (Series C+; €105m raised in 2026 on top of €100m Series C in 2024)
- **Headquarters**: Berlin, Germany (additional hubs in London and Tallinn)
- **Founded**: 2017
- **Founders**: Martin Kassing (CEO & Co-founder), Tobias Auferoth (MD & Co-founder), Dr. Til Rochow (CPO & Co-founder)

## Core Business
- **Primary industry**: Financial infrastructure / Investment technology (Fintech)
- **Target customers**: B2B – fintechs, banks, brokers, wealth managers, and other financial institutions across Europe and the UK
- **Mission**: “Making investing as easy as spending money”

## Products & Services
- **Investment API**: A single API that covers brokerage, settlement, and custody, enabling clients to launch and scale investment products (stocks, ETFs, mutual funds, money market funds, ELTIFs, derivatives, bonds – crypto coming soon). Supports fractional investing, savings plans, and model portfolios.
- **All-in-one Platform**: Combines technology, regulatory licences (BaFin and FCA), direct market connectivity, and a partner ecosystem to automate >99% of middle‑ and back‑office processes (order lifecycle, reconciliation, corporate actions, tax handling, regulatory reporting).

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed
- **Key Metric**: Total funding – €205m+ (€100m Series C in 2024 + €105m in 2026). Over 2 million end users, 100 million+ annual orders, 30+ clients, 20+ markets served.
- **Notable Investors/Partners**: Bessemer Venture Partners, BlackRock, Earlybird, Hedosophia, HV Capital, Motive Ventures, Notion Capital, Sapphire Ventures; angel investors include Maximilian Tayenthal (N26) and Felix Haas (IDnow).
- **Growth Signals**: Crossed 250 employees across 70+ nationalities; opened third office in London (2025); expanded to 20+ markets; reached 100m+ annual orders; secured additional €105m in 2026.

## Competitive Advantages
- **Regulated infrastructure**: Operates as a fully‑fledged custodian under BaFin (Germany) and FCA (UK), reducing clients’ licensing burden.
- **Fractional investing & multi-asset support**: Native fractional shares, automated savings plans, and a multi-asset portfolio engine covering 100k+ instruments.
- **Automation & scale**: Cloud‑native, API‑first architecture that automates >99% of back‑office processes and handles high trading volumes without legacy systems.
- **Speed to market**: Clients can launch investment products across Europe/UK within weeks using a single integration.

## Strategic Focus
- Geographic expansion across Europe (currently 20+ markets) and deepening presence in the UK.
- Adding new asset classes (crypto, more derivatives, etc.) and enhancing the portfolio engine for wealth managers.
- Scaling client base by enabling banks, fintechs, and wealth managers to offer digital‑first, cost‑competitive investment products.

## Why Work Here
- **Flexible work**: Hybrid or remote (within three hours of Berlin timezone). Hubs in Berlin, London, and Tallinn; option to relocate to a hub with visa support.
- **Time off & wellbeing**: 30 days annual leave; one‑month fully paid sabbatical (UpRest) after every 4 years; sports benefits; mental health coaching; possibility to work remotely abroad up to 183 days/year.
- **Development**: €1,500 personal development budget per year; confidential professional coaching; early‑career community (Up&Comers Club) with internships and engineering traineeships.
- **Compensation**: Above‑market salary + employee equity program.
- **Culture**: Impact‑driven, modern tech stack (no legacy), employee‑led resource groups for inclusion, team events (offsites, UpFest, holiday parties).
- **Remote hiring countries**: Austria, Finland, Hungary, Netherlands, Poland, Romania, Spain, Sweden, Switzerland, UK, Ukraine, Estonia.

## Sources
1. [Upvest – About page](https://upvest.co/about)
2. [Upvest – Homepage](https://upvest.co/)
3. [Upvest – Careers page](https://upvest.co/careers)
4. [Upvest – LinkedIn](https://de.linkedin.com/company/upvest)
5. [Upvest – Jobs page (Ashby)](https://careers.upvest.co/jobs)

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