With the current investment, Scalable Capital has invested a total of 260 million euros in capital The Chinese tech giant Tencent is leading the current financing round, and existing investors have also participated. Scalable intends to use the new capital to accelerate its European growth. The Munich-based company launched in February 2016 and has more than a quarter of a million customers who have invested over €4 billion on its platform. This makes the Munich-based company, according to its own statements, Europe's largest digital asset manager.
"Tencent optimally complements our existing international investor base. This latest financing round is an important step on our path to becoming the leading retail investment platform in Europe. Our accelerated growth confirms our commitment to empowering investors to invest responsibly,"
says Erik Podzuweit, Co-CEO and co-founder of Scalable Capital.
Scalable Capital wants to “make everyone an investor”
"We are seeing a huge trend toward investing money in the capital markets instead of leaving it in bank accounts. This is due to record-low interest rates, rising inflation, and a growing pension gap,"
says Florian Prucker, Co-CEO and co-founder of Scalable Capital.
"Our clients can access automatically managed, globally diversified ETF portfolios and—in the same app—self-directed trading in stocks, ETFs, cryptocurrencies, and funds. We are one of the market leaders with our offering of monthly savings plans for ETFs, stocks, and crypto investments. Next, we plan to launch derivatives trading. We will continue our mission to make everyone an investor."
Scalable Capital employs more than 230 people and plans to expand significantly in the future. In its search for new staff, the company recently opened an office in Berlin.
