Scalable Capital cracks 10 billion euro threshold

The start-up now manages the money of more than 600,000 people across Europe.

According to its own information, the start-up Scalable Capital has exceeded the threshold of ten billion euros in assets under management. The company's client assets have more than doubled in just one year, and the number of users has risen to 600,000, according to its own figures.

Since its founding in 2014, Scalable Capital has been working on an investment platform for ETFs, for example. These are apparently also the most popular asset class among customers, as a recent analysis of user data shows: 66 percent of customers put money into ETFs that track stock market indices such as the MSCI World. Meanwhile, investors in France, Spain, Italy and Austria can also trade stocks, ETFs and cryptocurrencies through the broker and cryptocurrency offering, as well as set up ETF, crypto and equity savings plans.

Florian Prucker, Erik Podzuweit, Adam French and Stefan Mittnik founded the start-up in 2014. In the meantime, the company is active not only in Germany but also in the UK, France, Spain, Italy and Austria.