Munich-based Scalable Capital Secures €60M in Series E Extension Round Funding. With participation from current investors including HV Capital, the round was led by the European venture capital firm Balderton Capital.
The business plans to use the funds to achieve more expansion. Under the leadership of co-CEOs Erik Podzuweit and Florian Prucker, Scalable Capital offers a full-service brokerage offering through an investing app that is accessible to retail customers.
With more than two thirds of the money put in ETFs, clients can now invest in futures, equities, funds, bonds, cryptocurrencies, and ETFs. The company has increased its brokerage operations into Austria, France, Italy, Spain, and the Netherlands throughout the last 24 months.
About Scalable Capital
One of the top FinTech companies in Europe, Scalable Capital connects consumers with technology. Founded in 2014, the company maintains offices in London, Munich, and Berlin.
Scalable Capital provides digital wealth management and a broker with flat trading rates and interest for private clients. When it comes to digital wealth management, the business builds and maintains internationally diversified ETF portfolios for its customers using sustainable investing techniques.