This Scalable Capital company profile covers the company's valuation, revenue, funding rounds, investors and history. Scalable Capital works in fintech, with a focus on online brokerage and wealth management. It was founded in 2014 and is headquartered in Munich, Bavaria, Germany. Its latest valuation on record is About €1.5 billion (reported) (June 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
| Metric | Value | As of | Source |
|---|---|---|---|
| Clients and assets | More than one million clients and more than €30 billion in assets | June 2025 | Finovate |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jun 2025 | Growth round | €155M (about US$175M) | About €1.5B (reported) | Sofina and Noteus Partners (leads); Balderton Capital, Tencent, HV Capital | Finovate |
Scalable Capital timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2014 — Scalable Capital is founded in Munich by Erik Podzuweit and Florian Prucker (co-CEOs), with co-founders.
- Jun 2025 — Growth round: €155M (about US$175M), valuing the company at About €1.5B (reported). Investors: Sofina and Noteus Partners (leads); Balderton Capital, Tencent, HV Capital.
- June 2025 — Clients and assets: More than one million clients and more than €30 billion in assets.
Investors
Overview
Scalable Capital is a Munich-based investment platform that lets people in Europe buy shares, ETFs, funds, bonds and crypto-linked products through an app and website, with low fees and flat-rate trading plans. It also offers automated portfolio management, often called robo-advice, and savings plans that invest a fixed amount each month. With more than a million clients and over €30 billion in assets, it's one of Europe's largest digital brokers and a leading rival to Trade Republic in Germany, where interest in ETF investing has grown rapidly.
Scalable Capital was founded in 2014 by a team including Erik Podzuweit and Florian Prucker, who serve as co-CEOs. The company initially focused on robo-advice with a risk management approach developed with academic co-founders, then launched its broker in 2020, which drove much faster growth as millions of Germans started investing during and after the pandemic.
Products
- Scalable Broker: trading in shares, ETFs, funds, bonds and derivatives, with free or flat-rate plans.
- Savings plans: automatic monthly investing in ETFs and shares, often with no order fees.
- Wealth management: automated portfolios managed by the company according to the client's risk profile.
- Interest on cash: interest on uninvested cash held in accounts.
- Crypto products: exposure to crypto assets through exchange-traded products.
- Pension products: investment products for retirement, including children's accounts.
- B2B services: technology and services for banks and partners offering investing to their customers.
Funding
Scalable Capital has raised from investors including Tengelmann Ventures, HV Capital, Balderton Capital, BlackRock and Tencent. In June 2025 it raised €155 million (about US$175 million), its largest round, led by Sofina and Noteus Partners, with existing investors Balderton, Tencent and HV Capital. German newspaper Handelsblatt reported that the round valued the company at about €1.5 billion; the company hasn't confirmed the figure, so we label it as reported. Reports put total funding at more than €470 million.
Business model
Scalable earns money from subscription fees for flat-rate trading plans, payments and commissions related to trading, management fees on its wealth management portfolios, interest earned on client cash and fees from business partners. Its subscription plans give predictable revenue, while trading activity and interest rates make other income more variable. Regulatory changes in the EU around payment for order flow affect how European brokers earn money from trades, and Scalable has built its own trading venue relationships accordingly.
Competition
Scalable Capital competes with Trade Republic, its closest rival; with traditional online brokers such as comdirect, ING and consorsbank; with investing features in Revolut and other neobanks; with crypto and investment platforms such as Bitpanda; and with platforms such as eToro and Interactive Brokers. Its advantages are a strong position in Germany, both brokerage and managed portfolio products, and growing expansion across Europe.
Scalable Capital at a glance
Scalable Capital is a Munich digital investment platform founded in 2014 by Erik Podzuweit, Florian Prucker and co-founders. It has more than one million clients and over €30 billion in assets. It raised €155 million in June 2025, led by Sofina and Noteus Partners, at a reported valuation of about €1.5 billion.
Timeline
- 2014: founded in Munich.
- 2016: launches its digital wealth management service.
- 2020: launches Scalable Broker with flat-rate trading.
- 2021: raises growth funding with Tencent among its investors.
- June 2025: raises €155 million at a reported €1.5 billion valuation.
Germany's investing boom
Germans have historically kept a large share of savings in bank deposits and insurance products rather than shares. Low interest rates in the 2010s, the pandemic and the popularity of ETF savings plans encouraged millions to start investing, often through mobile apps with low fees. Neobrokers such as Scalable and Trade Republic captured much of this growth. Pension reform discussions in Germany, including proposals for state-supported investment accounts, could further expand the market.
Becoming a bank
Like several European fintechs, Scalable has expanded its regulatory permissions over time, allowing it to offer more products directly and hold client funds under stricter supervision. Broader licences increase compliance costs but allow more control over the product and economics, and they help build trust with customers who are investing their savings.
Who uses Scalable Capital
Scalable's clients include young investors starting ETF savings plans, active traders using flat-rate plans, families saving for children, and people who prefer professionally managed portfolios, mainly in Germany and other European countries.
Valuation context
The reported €1.5 billion valuation sits below Trade Republic's much larger valuations, reflecting differences in client numbers and growth. Because the figure is reported rather than confirmed, readers should use it with caution. Our guide to the largest European startups provides comparisons.
Risks
- Market sensitivity: trading activity and assets fall in market downturns.
- Interest rates: lower rates reduce income from client cash.
- Regulation: EU rules on trading revenue and investor protection keep changing.
- Competition: rivals offer similar low-cost investing.
Questions for investors
- Which trading venues execute your orders, and at what spreads?
- What does a flat-rate plan cost compared with your trading frequency?
- How is uninvested cash protected?
Robo-advice versus self-directed investing
Scalable Capital offers two very different ways to invest. With robo-advice, the client answers questions about goals and risk tolerance and the company builds and rebalances a portfolio, charging an annual percentage fee on assets. With the broker, the client chooses investments and pays little or nothing per trade. Self-directed investing has grown faster in Germany because fees are lower and many investors simply want to buy a few ETFs through a monthly savings plan. Managed portfolios suit people who prefer not to make decisions themselves. Offering both lets Scalable serve a wider range of clients and move them between products as their needs change.
Latest developments (October 2026)
Scalable Capital has not announced a new funding round since its June 2025 raise of about €155 million, which Handelsblatt reported valued the broker at about €1.5 billion. The company continues to grow its broker and wealth management products in Germany and other European markets, competing with Trade Republic and incumbent banks. See our largest German startups guide.
What to watch
Watch client and asset growth, European expansion, German pension reform and any confirmed valuation.
Takeaways
Investors in Europe can access low-cost ETF and share investing. Founders can see how shifting from robo-advice to brokerage unlocked growth. Readers should note that its €1.5 billion valuation is reported, not confirmed.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Scalable Capital do?
Scalable Capital is a fintech / online brokerage and wealth management company headquartered in Munich, Bavaria, Germany. It was founded in 2014.
What is Scalable Capital's valuation?
Scalable Capital was valued at About €1.5 billion (reported) as of June 2025, according to Wikipedia (citing Handelsblatt). Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Scalable Capital make?
Scalable Capital is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Scalable Capital's latest funding round?
The most recent financing we have verified is a growth round in Jun 2025: €155M (about US$175M), at a valuation of About €1.5B (reported). Source: Finovate.
Who are Scalable Capital's investors?
Investors named in public announcements include Sofina, Noteus Partners, Balderton Capital, Tencent, HV Capital, Tengelmann Ventures and BlackRock.
Who founded Scalable Capital?
Scalable Capital was founded in 2014 by Erik Podzuweit and Florian Prucker (co-CEOs), with co-founders.
Is Scalable Capital a public company?
No. Scalable Capital is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Scalable Capital headquartered?
Scalable Capital is headquartered in Munich, Bavaria, Germany.