Munich-based FinTech startup Scalable Capital has efficiently accomplished a brand new funding spherical, elevating €155 million to additional develop their digital funding platform and new choices.
That is the corporate’s largest funding spherical thus far and is led by Sofina and Noteus Companions. Current buyers Balderton Capital, Tencent, and HV Capital additionally participated. Buyers have now invested over €470 million in Scalable Capital.
“Noteus Companions and Sofina completely complement our world investor base. The current funding spherical is a transparent endorsement, and an necessary step on our path to changing into the main retail funding platform in Europe,” says Erik Podzuweit, Founder and Co-CEO of Scalable Capital.
Based in 2014 by Erik Podzuweit and Florian Prucker, Scalable Capital is a digital funding platform empowering “everybody to form their monetary future“. They make use of greater than 600 individuals at their places of work in Munich, Berlin, Vienna, and London. In line with the corporate, over €30 billion is held on the platform by a couple of million prospects.
“Low-cost, broadly diversified ETFs, free entry to monetary data, inventory exchanges tailor-made for retail buyers, and expertise pushed funding platforms like Scalable Capital have basically improved entry to capital markets for thousands and thousands of retail buyers. To speed up this improvement, we’ll proceed to put money into our totally verticalised platform with the extra capital,” says Florian Prucker, Founder and Co-CEO of Scalable Capital.
They provide quite a lot of providers together with:
- Scalable Dealer appears to be like to make it straightforward and inexpensive for shoppers to take a position professionally in shares, ETFs and different exchange-traded merchandise and arrange financial savings plans.
- Scalable Wealth, the digital wealth administration service, gives shoppers skilled funding in ETF portfolios and can also be adopted as a white-label resolution by famend B2B companions.
- With the European Investor Alternate Scalable Capital gives a inventory change for retail buyers in Europe.
“By means of our funding platform and extra new merchandise, we’ll be capable to supply much more individuals in Europe the most effective choices for his or her investments. We’ve a agency give attention to wealth creation and saving for retirement for the entire household,” Podzuweit continues.
Since 2015, Scalable Capital has aimed to offer retail buyers with entry to easy and cost-effective funding choices. Right now, shoppers in Europe can put money into ETFs, shares, funds, bonds, cryptocurrencies, derivatives, and Non-public Fairness. Dealer shoppers allegedly obtain engaging rates of interest on their money from their associate banks and have entry to low-cost securities backed loans towards their portfolio.
“Noteus is proud to assist Scalable Capital because it continues to democratise retail investing in Germany and throughout Europe. With its vertically built-in funding providing and extremely engaged buyer base, the corporate is nicely positioned for long-term success. We stay up for partnering with the group as they proceed to scale and form the way forward for investing,” says Zoé Fabian-Frey, Basic Accomplice at Noteus Companions.
On the finish of final yr, Scalable Capital launched the European Investor Alternate. This change is particularly tailor-made to the wants of retail buyers in Europe.
Not too long ago, the Scalable Dealer has additionally begun providing personal fairness investments: by means of ELTIFs (European Lengthy-Time period Funding Fund), eligible shoppers can make investments on this asset class on equal footing with institutional buyers corresponding to insurance coverage corporations or pension funds.
Beginning this summer time, Scalable can even be obtainable for the following technology: with children’ accounts, dad and mom can use the Scalable Dealer to put money into their kids’s monetary future.
“Scalable Capital is remodeling how people method investing throughout Europe. Their modern platform, complete providing and clear imaginative and prescient for monetary inclusion resonate strongly with Sofina’s technique of backing impactful high-growth corporations. We’re passionate about supporting their journey to additional redefine the retail funding panorama in Germany and past,” provides Maxence Tombeur, Managing Director at Sofina.
