The Munich-based fintech company Scalable Capital is entering Switzerland. After Germany, Austria, and the UK, this is the fourth market for the digital asset manager.
For its Swiss offering, Scalable Capital partners with Baader Bank, based in Unterschleissheim. Swiss clients have access to customized tax reporting, a dedicated website, and a customer hotline. Portfolios are managed in euros.
Scalable Capital has been active in Germany since February 2016 and currently manages more than 600 million euros from over 20,000 clients. The company is said to have already invested more than 150 million euros be worth.
Is Scalable Capital planning further expansion?
Erik Podzuweit, Managing Director and co-founder of Scalable Capital, says about the move to the neighboring country:
"Switzerland is an interesting market for every asset manager. However, we wouldn't have taken this step if we couldn't offer Swiss private investors real added value. As the only independent robo-advisor in Europe, we combine three key components into a truly client-friendly product: professional portfolio risk management supported by modern technology, low costs, and a comprehensive digital service offering with unique transparency."
The fintech announces that its BaFin authorization grants it EU-wide approval. This allows it to offer its services across Europe without additional authorizations. This could indicate further expansion plans.
