Scalable Capital raises €60M in growth funding

Scalable Capital, a leading digital investment platform in Europe, announced the closing of a 60 million euro equity financing.

The Series E extension was led by European venture capital firm Balderton Capital with participation from existing investors, including HV Capital – underscoring their strong support for Scalable Capital’s mission to empower everyone to become an investor. The funding will be used to deliver further growth and to capitalise on Scalable Capital’s position as a leading provider of easy and cost-effective investing solutions for retail clients.

Since 2014, Scalable Capital has provided retail investors with easy and affordable access to investing. It started with a digital wealth management service and expanded in 2020 into a full-service brokerage offering. Over the past two years, Scalable Capital expanded its brokerage into Austria, France, Italy, Spain and the Netherlands. Today, clients can invest in ETFs, stocks, funds, bonds, cryptocurrencies and derivatives, with over two-thirds of the money invested in ETFs. The regular execution of more than 1.2 million savings plans reflects the long-term and sustainable approach retail investors take to building wealth. Since the beginning of the year, the company has offered attractive interest rates of up to
4 % p.a. on uninvested cash. The company recently added “Credit” for access to secured loans in the Scalable Broker.