Scalable Capital has received a full banking license from the European Central Bank (ECB). The Munich startup will now operate as a CRR credit institution under the supervision of BaFin and the Bundesbank. In addition to portfolio management, stock trading, and safekeeping of customer funds, Scalable Capital now also handles deposit and lending business, making it a full bank.
nnnnErik Podzuweit, founder and co-CEO of Scalable Capital, comments:
nnnnnnnnn„We now have all the building blocks to unlock the full potential for our customers across Europe. We are setting new standards and expanding our offering to give customers and their families everything they need for investing, saving, and financing. We accompany them for life, from their first savings plan euro into old age.”
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With the banking license, the company expands its existing investment offering with new banking solutions. Starting October 1, 2025, customers will receive two percent interest per year (variable) on deposits. With Prime+, the interest rate applies to unlimited amounts; in the free model, up to 100,000 euros. Deposits in Prime+ are held at Scalable Capital Bank and several partner banks. Three institutions are involved at launch, with more to follow. Users can view at any time in the app and web how funds are distributed across banks and which deposit insurance protections apply.
Florian Prucker, founder and co-CEO of Scalable Capital, adds:
nnnnn„Our strength lies in our unique, fully vertically integrated business model. We develop our technology ourselves and serve the entire value chain with our own full banking license. This allows us to be there for our customers efficiently and securely.”
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Lending offering and trading platform expansion
nnnnWith “Credit,” Scalable Capital launches its own financing offering. Customers can take out loans between 1,000 and 100,000 euros without a fixed term or repayment plan. The variable interest rate is 3.24 percent annually in Prime+ and 4.24 percent in Free. Applications are submitted entirely digitally in the app or web.
nnnnIn parallel, Scalable Capital is expanding its trading platform. Since late 2024, the company manages portfolios on its own infrastructure. It also operates trading on the European Investor Exchange in Hanover, which is specifically tailored to private investors. Additionally, trading remains possible via Gettex in Munich and Xetra of Deutsche Börse.
nnnnThe Munich startup, founded in 2014, now has over one million customers with more than 30 billion euros in assets under management, according to its own information. In addition to ETFs, stocks, and funds, it offers investments in cryptocurrencies, derivatives, and private equity. Children’s portfolios are also part of its offering. With offices in Munich, Berlin, Vienna, Milan, and London, Scalable Capital is continuously expanding its presence in Europe.
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