Scalable Capital has received a full banking license from the European Central Bank (ECB). This will enable the Munich-based startup to operate as a CRR credit institution under the supervision of BaFin and the Bundesbank. In addition to securities account management, stock exchange trading, and custody of client funds, Scalable Capital will now also handle deposit and lending services, thus becoming a full-service bank.
Erik Podzuweit, Founder and Co-CEO of Scalable Capital, comments:
"We now have all the building blocks we need to unlock the full potential for our customers across Europe. We are setting new standards and continuing to expand our offerings to provide customers and their families with everything they need for investing, saving, and financing. We accompany them throughout their lives, from the first euro in their savings plan through to retirement."
With the banking license, the company is expanding its existing investment offerings with new banking solutions. Starting October 1, 2025, customers will receive two percent annual interest (variable) on deposits. With Prime+, the interest rate is unlimited; with the free model, the interest rate is up to €100,000. Prime+ deposits are held at Scalable Capital Bank and several partner banks. Three institutions are participating initially, with more to follow. Users can view how their funds are distributed among the banks and which deposit protection schemes are in place at any time in the app and on the web.
Florian Prucker, founder and co-CEO of Scalable Capital, adds:
"Our strength lies in our unique, fully vertically integrated business model. We develop our own technology and serve with our own Full banking license the entire value chain. This enables us to serve our customers efficiently and safely."
Credit offering and expansion of the trading platform
Scalable Capital is launching its own financing offering, "Credit." Customers can take out loans between €1,000 and €100,000, with no fixed term or repayment schedule. The variable interest rate is 3.24 percent per year for Prime+ and 4.24 percent for Free. Applications are processed entirely digitally via the app or the web.
At the same time, Scalable Capital is expanding its trading platform. Since the end of 2024, the company has been managing accounts on its own infrastructure. It also operates trading on the European Investor Exchange in Hanover, which is specifically geared toward private investors. Trading remains available via Gettex in Munich and Deutsche Börse's Xetra.
Founded in 2014, the Munich-based startup claims to now have over one million customers with more than €30 billion in assets under management. In addition to ETFs, stocks, and funds, it offers investments in cryptocurrencies, derivatives, and private equity. Children's accounts are also part of the offering. With offices in Munich, Berlin, Vienna, Milan, and London, Scalable Capital is continuously expanding its presence in Europe.
