{"id":51479,"date":"2019-08-10T08:35:02","date_gmt":"2019-08-10T06:35:02","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=51479"},"modified":"2019-08-06T15:17:46","modified_gmt":"2019-08-06T13:17:46","slug":"million-investment-for-munich-fintech-startup-scalable-capital","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/51479\/million-investment-for-munich-fintech-startup-scalable-capital\/","title":{"rendered":"Million-dollar investment for Munich-based fintech startup Scalable Capital"},"content":{"rendered":"<div class=\"entry-content\">\n<p><strong>In a new round of financing, the <a href=\"\/en\/39423\/future-of-fintech\/\">Fintech<\/a>-Startup Scalable Capital secures an investment totaling 25 million euros<\/strong>. <\/p>\n\n\n\n<p>The shareholders Blackrock, HV Holtzbrinck Ventures and Tengelmann are investing fresh capital in the <a href=\"\/en\/34488\/scalable-capital\/\">Pursue<\/a> and thus increase the total financing to more than 66 million euros. <strong>Patrick Olson<\/strong>, Chief Product Officer at Black Rock comments on the new investment:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Since we acquired a minority stake in Scalable Capital in 2017, the company has grown into one of Europe&#039;s leading providers of digital wealth management solutions. We look forward to continuing to support the team on its expansion path. We are seeing continued strong demand from our clients for technology-based investment solutions. Scalable Capital has proven that they meet these high expectations.&quot;<\/p><\/blockquote>\n\n\n\n<p>The fintech startup Scalable Capital offers online asset management with algorithms. The company invests its clients&#039; money in passively managed index funds, known as ETFs. Clients can decide for themselves how much risk they want to take, and an algorithm then makes the investment decisions.<\/p>\n\n\n\n<p>Ing Deutschland, Siemens Private Finance, Openbank, Targobank and Oskar are already working with the digital asset management platform.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fintech startup Scalable Capital: Expansion of the development department<\/h2>\n\n\n\n<p>The digital asset manager says it intends to use the investment primarily to expand its development department. This will not only boost its business with private clients, but also include the development of new white-label solutions for banks and insurance companies. <\/p>\n\n\n\n<p>Erik Podzuweit, Co-Founder and Managing Director of <a href=\"https:\/\/de.scalable.capital\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Scalable Capital (opens in new tab)\">Scalable Capital<\/a> on this:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThe investment recognizes our previous achievements and will accelerate our growth\u201d<\/p><\/blockquote>\n\n\n\n<p>He further says:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;We want to further expand our leading market position. With the money from the current financing round, we will invest in our team and drive our growth across all customer segments.&quot; <\/p><\/blockquote>\n\n\n\n<p><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In a new financing round, the fintech startup Scalable Capital secured a total investment of \u20ac25 million. Shareholders Blackrock, HV Holtzbrinck Ventures, and Tengelmann are injecting fresh capital into the company, increasing its total financing to more than \u20ac66 million. Patrick Olson, Chief Product Officer at \u2026<\/p>","protected":false},"author":32,"featured_media":51483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,1466],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Millionen-Investment f\u00fcr M\u00fcnchner Fintech-Startup Scalable Capital - Munich Startup<\/title>\n<meta name=\"description\" content=\"In einer neuen Finanzierungsrunde konnte sich das M\u00fcnchner Fintech-Startup Scalable Capital ein Investment von insgesamt 25 Millionen Euro sichern.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/51479\/million-investment-for-munich-fintech-startup-scalable-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millionen-Investment f\u00fcr M\u00fcnchner Fintech-Startup Scalable Capital - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"In einer neuen Finanzierungsrunde konnte sich das M\u00fcnchner Fintech-Startup Scalable Capital ein Investment von insgesamt 25 Millionen Euro sichern.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/51479\/million-investment-for-munich-fintech-startup-scalable-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-10T06:35:02+00:00\" \/>\n<meta name=\"author\" content=\"Sandra Ohse\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sandra Ohse\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/51479\/millionen-investment-fuer-muenchner-fintech-startup-scalable-capital\/\",\"url\":\"https:\/\/cms.munich-startup.net\/51479\/millionen-investment-fuer-muenchner-fintech-startup-scalable-capital\/\",\"name\":\"Millionen-Investment f\u00fcr M\u00fcnchner Fintech-Startup Scalable Capital - 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