Scalable Capital has experienced meteoric growth since its market launch 22 months ago. According to a media report, the company is now valued at €150 million.
The Munich-based financial startup is breaking records. At the beginning of the month, Scalable Capital announced that it manages more than half a billion euros from over 15,000 clients. Through its cooperation with ING-DiBa alone, the company has raised 150 million euros from 7,000 clients in recent months.
The Fintech portal Finanz-Szene.de has based on the 30 million investments announced earlier this year and the share capital listed in the commercial register, and arrived at a post-money valuation of just over €150 million. Scalable Capital declined to comment on the calculations to Finanz-Szene.de.
Scalable Capital now among the top 5
In an unofficial ranking of the five highest-rated German fintechs, Finanz-Szene.de now includes the Munich-based robo-advisor. The future development of the asset manager is exciting to watch: The company claims to be gaining more than 1,000 new customers every week—each with a minimum deposit of €10,000.
"This exceeds our expectations and shows how much potential digital asset management has in Germany. I believe our partnership with ING-DiBa is the breakthrough for automated investment in Germany,"
says Erik Podzuweit, Founder and Managing Director of Scalable Capital.
