The Munich fintech Scalable Capital has completed its largest financing round to date. The company receives 155 million euros (175 million dollars). The round is led by investors Sofina and Noteus Partners. Previous investors Balderton Capital, Tencent and HV Capital are also participating again. In total, the fintech has raised over 470 million euros to date.
Sofina is an internationally active investment company based in Belgium and listed on Euronext Brussels. Noteus Partners is a pan-European investor focused on technology-driven growth companies. Erik Podzuweit, founder and co-CEO of Scalable Capital, says:
“Noteus Partners and Sofina complement our global investor base perfectly. The latest financing round is clear confirmation and an important step on our path to becoming Europe’s leading investment platform for private investors.”
New features for private investors
“Cost-effective, broadly diversified ETFs, free access to financial knowledge, exchanges specializing in retail investors, and digital investment platforms like Scalable Capital have fundamentally simplified access to the capital market for millions of private investors with cutting-edge technology. To accelerate this development, we will continue to invest in our fully verticalized platform with the additional capital,”
explains Florian Prucker, founder and co-CEO.
With the Scalable Broker, customers can today invest in stocks, ETFs, funds, bonds, cryptocurrencies, derivatives and private equity. They receive attractive interest on balances at partner banks. In addition, Scalable Capital offers fast and cost-effective securities loans and, recently, investments via ELTIFs (European Long-Term Investment Funds). With the launch of the European Investor Exchange at the end of 2024, Scalable Capital has introduced a new exchange tailored to the needs of European private investors. Later this summer, the children’s portfolio is planned—a new offering that allows parents to invest on behalf of their children.
Munich fintech with European vision
“We are delighted to support Scalable Capital in making it easier for private investors in Germany and across Europe to access investments and stock markets. With a vertically integrated investment platform and a loyal and engaged user base, Scalable Capital is excellently positioned for sustained success. We look forward to the partnership with the team as Scalable Capital continues to scale and sets new standards in investing,”
says Zoé Fabian-Frey, general partner at Noteus Partners. Maxence Tombeur, managing director at Sofina, also commented on the investment:
“Scalable Capital is transforming the way people invest in Europe. Scalable’s innovative platform, comprehensive offering and clear vision for financial inclusion align with Sofina’s strategy of supporting high-growth companies with sustainable impact. We look forward to supporting the team in its mission to redefine the future of self-directed investing in Germany and beyond.”
Scalable Capital currently employs over 600 employees at its locations in Munich, Berlin, Vienna and London. The platform has over one million customers and manages assets of more than 30 billion euros.
