The Munich-based robo-asset manager Scalable Capital has already invested over two billion euros in its clients' capital. According to the company, the fintech manages more assets than any other digital asset manager in continental Europe.
About one and a half years ago, Scalable Capital announced one billion Euros to manage. Since then, the Munich-based company has doubled this amount. The digital asset manager manages more than 60,000 portfolios. The average invested amount per client is thus over 30,000 euros. According to the company, more than a third of the total assets under management are in portfolios with a volume of more than 100,000 euros. Every second client also has a monthly savings plan with an average of 400 euros. Scalable Capital receives more than 100 million euros from this annually.
"We are delighted to be the first digital asset manager in continental Europe to surpass the two billion euro mark. This marks a successful year for us,"
says Erik Podzuweit, Co-founder and Managing Director of Scalable Capital.
"When we launched around four years ago, we had to explain our offering from the ground up. Since then, many people have discovered the benefits of technology-based and cost-effective investing. It took us around two and a half years to reach the first billion in assets under management, and only one and a half years for the second. This shows that digital, ETF-based asset management meets investors' needs."
One billion ING customers
Around half of the assets under management come from ING Germany customers. Scalable Capital and the direct bank have maintained a partnership since September 2017. The fintech also cooperates with Siemens Private Finance.
“We are investing heavily in our technology and will continue to improve and expand our services,”
says co-founder and managing director Florian Prucker.
"We want to use smart technology to not only make investing better and more affordable, but also significantly more transparent and convenient. Digital asset management will thus become the easiest way to access a fully managed ETF portfolio."
The company employs 120 people at its two locations in Munich and London.
