With Scalable Capital's fee-free savings plan, savers can invest in their retirement savings with amounts as small as 1 euro. Erik Podzuweit, founder and co-CEO of Scalable Capital, says about the advantages of this type of pension provision:
"Especially with regard to retirement planning and the often long investment horizon, it makes sense to invest part of one's assets in ETFs and stocks. Even the German government wants to integrate securities into the pension system soon with the stock pension. However, private retirement planning and investments will continue to be essential to close one's own pension gap."
Scalable Capital: ETF savings plan is today's savings account
He continues:
"Against the backdrop of high inflation and the widening pension gap, simple, affordable, and accessible investment options are essential. The ETF savings plan is the savings account of today."
Scalable Capital customers can invest in all ETFs available in Germany, as well as stocks and active funds, with no transaction fees starting at €1. According to the company, they can access a product universe of over 7,500 stocks from all major indices worldwide, as well as more than 2,400 ETFs from over 30 available providers and a wide selection of active funds with no front-end load for trading and investing.
Scalable Capital was founded in 2014 and is now active in Germany, Great Britain, France,
Spain, the Netherlands and Austria. The securities institute, supervised by BaFin and the Bundesbank,
managed since mid-August last year ten billion euros of customer funds on its platform. Since its founding, the company has managed a total of around 282 million euros in funding The last financing round was the Series E round in the summer of 2021. The Munich-based company received around 150 million euros from investors such as the Chinese tech giant Tencent.
