Scalable Capital launches in France and Spain

The investment fintech recently increased its customer base to half a million. A market launch in Italy and Austria is also planned.

Fintech Scalable Capital has expanded into France and Spain. Customers from the two countries can now invest in stocks, ETFs and cryptocurrencies and create savings plans with the neo-broker.

Adrian Amorin Luna will manage the business in Spain in the future. Previously, he was responsible for the Spanish business of the comparison platform Idealo for four years.

Erik Podzuweit, co-founder and managing director of Scalable Capital, sees a great demand for investment opportunities far away from savings books in both markets. "We are meeting this demand with our brokerage and crypto offering," he says. The startup is also looking to expand into Italy and Austria in the coming weeks. "We want to enable everyone to become an investor - and we want to do that across Europe," Podzuweit says.

The expansion follows strong growth over the past 15 months: According to information from Finance Scene the fintech, founded in 2014, now has 500,000 customers. Since the end of 2020, Scalable Capital has thus quadrupled its number of customers.