Scalable Capital cracks 10 billion euro threshold

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

The start-up Scalable Capital claims to have passed the ten billion euro mark in assets under management. The company's customer assets have more than doubled in just one year and the number of users has risen to 600,000, according to the company.

Since its foundation 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% of customers put money into ETFs that track stock market indices such as the MSCI World. Investors in France, Spain, Italy and Austria can now also trade shares, ETFs and cryptocurrencies and set up ETF, crypto and share savings plans via the broker and cryptocurrency offering.

Florian Prucker, Erik Podzuweit, Adam French and Stefan Mittnik founded the start-up in 2014. In addition to Germany, the company is now also active in the UK, France, Spain, Italy and Austria.