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 both countries can now use the neo-broker to invest in shares, ETFs and cryptocurrencies and create savings plans.

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

Erik Podzuweit, co-founder and Managing Director of Scalable Capital, sees great demand in both markets for investment opportunities away from savings accounts. "We are meeting this demand with our broker and crypto offering," he says. The start-up also plans to expand into Italy and Austria in the coming weeks. "We want to enable everyone to become an investor - across Europe," says Podzuweit.

The expansion follows strong growth over the past 15 months: According to information from Finanz-Szene the fintech, which was founded in 2014, now has 500,000 customers. Scalable Capital has therefore quadrupled its number of customers since the end of 2020.