Scalable Capital buys JustETF

The platform was dedicated to the topic of ETFs long before its current hype. Now it has been bought by online broker Scalable Capital.

Fintech Scalable Capital has acquired the financial portal JustETF. The Munich-based company made the announcement on Monday.The JustETF brand is to remain, and founders Dominique and Petra Riedl are also still on board.

JustETF is a portal specifically dedicated to exchange-traded index funds (ETFs) and investing in general. ETFs are an important part of Scalable Capital's business model. Investors can trade ETFs on the platform and integrate them into their portfolio. Now the company wants to expand its information offering with the purchase, as it announced in a statement.

Information on ETFs, justETF has plenty of it. According to its own information, it is the largest information portal on the subject in Europe. ETF and portfolio comparisons can be made on the platform. Articles, videos, online seminars and podcasts are all about investing. The site records around eight million views per month. Meanwhile, Scalable Capital offers digital asset management, a broker with trading flat rate as well as daily and fixed deposit offers, according to its own information, it is the largest digital asset manager in Europe.

Scalable Capital was founded in 2014 by former Goldman Sachs employees Erik Podzuweit, Florian Prucker, Adam French and Stefan Mittnik, the holder of the Chair of Financial Econometrics and Director of the Center for Quantitative Risk Analysis at Ludwig Maximilian University in Munich. Dominique and Petra Riedl founded their company about four years earlier. The company has seven employees.