Scalable Capital receives full banking license from the ECB

Fintech Scalable Capital has received a full banking license from the European Central Bank (ECB). This means that the company is now a credit institution supervised by BaFin and the Bundesbank and is expanding its existing investment offering to include comprehensive banking solutions.

Expansion of the offering: from investing to banking

Scalable Capital previously offered brokerage, asset management, ETFs, private equity and crypto investments via its platform. The full banking license now adds savings and financing solutions. In future, customers will be able to use all central financial services, from custody accounts to interest payments and loans, from a single source.

We now have all the building blocks we need to realize our full potential across Europe.

Erik Podzuweit, co-founder and co-CEO of Scalable Capital

The company relies on a vertically integrated business model that combines efficiency and security.

Interest on balances at several banks

Scalable Capital pays 2 percent interest p.a. (variable) on PRIME+ balances in unlimited amounts. The FREE tariff also pays 2 percent interest, but only up to 100,000 euros. From October 2025, PRIME+ balances will be held at Scalable Capital Bank and partner banks. Three banks are participating at the start, with more to follow. The respective distribution of deposits and the protection provided by statutory security systems can be viewed in the app.

New credit offer

Scalable Capital is launching its own financing offer with the Credit product. Loans of between 1,000 and 100,000 euros can be taken out flexibly, without a fixed term or repayment plan. The interest rate is 3.24% p.a. (variable) for PRIME+ and 4.24% p.a. for FREE. The fintech aims to offer a low-cost alternative to overdraft facilities or credit cards.

Fully integrated platform

Scalable Capital had already transferred custody account management for its broker and wealth clients to its own technology platform at the end of 2024. The company also took over the technical operation of the European Investor Exchange in Hanover, which specializes in private investors. From mid-September 2025, trading hours will be extended to 7:30 am to 10:00 pm.

The fintech now offers a wide range of investment opportunities. ETFs, shares, funds, bonds, crypto, derivatives and private equity. Children's custody accounts are available for families, which can also be used for the planned state-subsidized early retirement pension in the future.

Expansion in Europe and new functions

Scalable Capital has also recently expanded internationally and opened offices in Vienna and Milan in order to be closer to the regional markets. Additional functions have been introduced at product level, including a generative AI function called Insights, which answers financial questions directly in the app.