Digital wealth administration and investing platform Scalable Capital has raised €155 million ($175 million). The most important funding spherical within the firm’s historical past, the funding was led by Sofina and Noteus Companions, and featured participation from current buyers Balderton Capital, Tencent, and HV Capital. The funding brings Scalable Capital’s whole raised to greater than €470 million (greater than $535 million).
Amongst Europe’s main digital funding platforms, Scalable Capital permits merchants and buyers to purchase and promote shares, exchange-traded funds (ETFs), bonds, cryptocurrencies, derivatives, personal fairness, and different merchandise. Greater than €30 billion is held on the Scalable Capital platform by a couple of million prospects. The corporate additionally presents Scalable Wealth, a digital wealth administration service that gives shoppers with skilled ETF portfolio funding. The service can also be accessible as a white-label resolution by way of Scalable Capital’s B2B companions.
“Noteus Companions and Sofina completely complement our international 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,” Scalable Capital Founder and Co-CEO Erik Podzuweit mentioned. “Via our funding platform and extra new merchandise, we’ll have the ability to supply much more folks in Europe one of the best choices for his or her investments. We’ve got a agency concentrate on wealth creation and saving for retirement for the entire household.”
Scalable Capital started the yr with the launch of its personal fairness providing courtesy of a partnership with BlackRock. Out there to Scalable Capital’s certified buyers in Germany by way of Scalable Dealer, buyers will have the ability to entry the BlackRock Non-public Fairness Fund, and make investments with one-off investments of as little as €10,000. Scalable Capital is the primary digital funding platform to supply the personal fairness resolution from BlackRock, which can also be accessible as a financial savings plan as soon as the preliminary funding is made.
Extra just lately, Scalable Capital introduced that its shoppers can spend money on Swiss shares as of Could 2, 2025. Tradable by way of the European Investor Change, gettex, and Xetra, entry to Swiss shares comes after greater than 5 years of suspension from EU inventory exchanges. Beforehand, EU buyers have been solely in a position to spend money on Swiss shares not directly via merchandise reminiscent of American Depository Receipts (ADRs) or by the use of over-the-counter buying and selling choices. Revocation of this regulation went into impact firstly of the month.
“The Swiss inventory trade has way more to supply than the three massive dividend aristocrats,” Scalable Capital Chief Economist Christian Röhl mentioned, referring to Nestlé, Roche, and Novartis, three of the most important shares within the Swiss inventory market. “Along with many monetary shares and particular shares reminiscent of mountain railways, there are quite a few extremely specialised market and know-how leaders—such because the listening to assist producer Sonova, the dental technician Straumann or the sanitary product producer Geberit.”
Scalable Capital made its Finovate debut at FinovateEurope 2016 in London. Headquartered in Munich, Germany, and London, UK, the corporate was based in 2014.
Photograph by Pixabay
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