Scalable Capital
| Company type | Private |
|---|---|
| Industry | Fintech |
| Founded | Munich, 2015 |
| Founders | Erik Podzuweit Adam French Stefan Mittnik |
| Headquarters | , |
Area served | Germany, Austria, France, Italy, Spain, Netherlands |
Key people | Erik Podzuweit, CEO |
| Services | Stockbroker Electronic trading platform |
| AUM | 30 billion € (2025) |
| Website | https://de.scalable.capital/ |
Scalable Capital is a German startup founded in 2014 in Munich that offers a digital investment platform. As a Fintech, the company provides individuals with access to trading in stocks, ETFs, cryptocurrencies, and derivatives, as well as a robo-advisor until 2024.
As of 2025, the platform manages over €30 billion for more than one million clients.[1]
History
Scalable Capital was founded in Munich in December 2014 by former Goldman Sachs employees Erik Podzuweit[2] and Florian Prucker, as well as Adam French and Stefan Mittnik.[3][4] The company was initially launched in 2016 as a pure robo-advisor for automated wealth management. A subsidiary was established in London as early as 2016[5] (although the UK service was discontinued in 2021).[6]
In 2018, assets under management reached one billion euros.[7]
Through a partnership with ING Germany starting in 2017, the company was able to quickly gain market share.[8] In 2020, the company launched its own online brokerage platform, which expanded its business model to include active securities trading.
In 2021, the company achieved unicorn status with a valuation of over one billion US dollar.[9] That same year also saw the acquisition of the online portal justETF.[10] Since then, Scalable Capital has also expanded internationally and is now active not only in Germany but also in markets such as Austria, France, Italy, Spain, and the Netherlands.
In collaboration with the Hanover Stock Exchange, Scalable Capital launched the electronic trading platform EIX (European Investor Exchange) in December 2024.[11]
In early 2025, a partnership with BlackRock was announced to give Scalable Capital retail investors access to BlackRock’s private equity funds.[12][13]
In mid-2025, the company secured another round of funding worth 155 million euros, valuing the company at approximately 1.5 billion euros. Investors included the Chinese technology company Tencent.[14]
At the end of 2025, the company received a full banking license from the ECB and has since been supervised by the BaFin and the Bundesbank. As a result, Scalable now offers deposit services, loans, and other banking services directly and is no longer reliant on partner banks such as Baader Bank.[15]
See also
References
- ^ Dennis Schwarz (2025-06-03). "Broker: Scalable Capital sammelt 155 Millionen Euro ein" (in German). Retrieved 2026-01-22.
- ^ "Gründer von Scalable Capital: Ohne Besessenheit keine Spitzenleistung - WELT" (in German). Retrieved 2026-01-22.
- ^ Daniel Korth (2019-05-15). "Prof. Stefan Mittnik von Scalable Capital im ausführlichen Interview". Finanzrocker (in German). Retrieved 2026-01-22.
- ^ Heuberger, Sarah (2021-06-11). "So gelang Scalable Capital der Aufstieg zum Unicorn". Business Insider (in German). Retrieved 2026-03-17.
- ^ magazin, Online-Redaktion private banking (2016-02-08). "Scalable Capital geht nach London". private banking magazin (in German). Retrieved 2026-03-17.
- ^ "Scalable sagt britischen Kunden "Goodbye"". www.fondsprofessionell.de (in German). 2021-02-02. Retrieved 2026-03-17.
- ^ Tischer, Simon (2018-06-04). "Scalable Capital verwaltet eine Milliarde Euro". Munich Startup (in German). Retrieved 2026-03-17.
- ^ Norbert Wulf (2017-11-07). "Mehr als 1.000 Kunden melden sich pro Woche bei Scalable Capital an" (in German). Retrieved 2026-01-22.
- ^ Heinz-Roger Dohms und Caspar Schlenk (2021-06-09). "Scalable steigt zum Unicorn auf: Wie steht das Startup im Vergleich zu Trade Republic da?". FinanceFWD (in German). Retrieved 2026-01-22.
- ^ "Scalable Capital übernimmt justETF" (in German). 2021-11-09. Retrieved 2026-01-22.
- ^ "Elektronisches Handelssystem "European Investor Exchange" startet an der Börse Hannover – Börse Hannover". Retrieved 2026-03-03.
- ^ "Scalable Capital startet Private Equity Angebot mit BlackRock". de.scalable.capital (in German). Retrieved 2026-03-17.
- ^ Fröhlich, Christoph (2025-02-19). "Scalable Capital startet Private-Equity-Angebot mit Blackrock". DAS INVESTMENT (in German). Retrieved 2026-03-17.
- ^ dpa (2025-06-03). "Neue Finanzierungsrunde: Investoren geben Fintech Scalable Capital 155 Millionen Euro". Die Zeit (in German). ISSN 0044-2070. Retrieved 2026-03-17.
- ^ I. T. Finanzmagazin, I. T. Finanzmagazin /PP (2025-09-10). "Scalable Capital erhält Vollbanklizenz von der EZB". IT Finanzmagazin (in German). Retrieved 2026-01-22.