Two Munich companies have won a FinTechGermany Award: Scalable Capital receives the prize in the “Early Stage” category, CRX Markets wins in the later-stage startup category.
The jury, comprised of financial, regulatory, capital market, and fintech experts, selected the winners in the four categories "Early Stage," "Later Stage," "Growth Stage," and "Foreign New Entrant to Germany." At the awards ceremony in Frankfurt, both the corporate receivables trading platform CRX Markets and the digital asset manager Scalable Capital celebrated their achievements. The Berlin-based company WebID Solutions and Quantoz from near Rotterdam. The prize is awarded by the Business Angels FrankfurtRheinMain, Frankfurt Main Finance eV, and the WM Group, publisher of the Börsen-Zeitung.
Erik Podzuweit, co-founder and co-managing director of Scalable Capital, says:
"We are delighted to receive this award. It demonstrates that we not only resonate with smart private investors, but also convince industry experts of the potential and value of our technology and business model."
Scalable Capital only went public in February this year and has already expanded to Great Britain and AustriaIn April, the Munich residents collected 7 million euros in a Series A round According to its own information, Scalable Capital already serves more than 2,000 clients and enjoys weekly inflows of two to four million euros. The fintech already describes itself as the leading digital asset manager in Germany.
