Scalable Capital Secures $180 Million in Series E Funding Round

Scalable Capital, a Germany-based digital asset management, has raised $180 million in a Series E funding round, which was led by Tencent, one of the leading technology companies in China.

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Scalable Capital was founded in 2014 with the mission to use modern technology to provide a broad group of investors with access to a form of investment that was previously reserved for very wealthy investors. In 2020, Scalable Capital expanded its offering. In addition to digital wealth management, it now also includes a newly developed neo-broker, through which clients can trade shares, ETFs and funds conveniently and affordably.

Co-Founder of Scalable Capital, Florian Prucker, said: "We see huge demand to invest money in the capital markets instead of leaving it in bank accounts. This comes against a backdrop of record-low interest rates, growing inflation and a widening pension gap. Our clients can access fully managed globally diversified ETF portfolios, and in the same app, self-directed trading in shares, ETFs, cryptocurrencies and funds. We also provide a market-leading offering of ETF, stocks and crypto monthly savings plans. We are planning to launch derivatives trading next. We will continue on our mission to make everyone an investor."