Scalable Capital launches Neobroker in Austria

This means that the start-up's Austrian customers can now also invest their money in cryptocurrencies.

The investment platform Scalable Capital is launching its neobroker and crypto offering on the Austrian market. The digital investment advisory service has been available in Austria since 2016. The company is now expanding its range of services to include an online broker. Austrian customers now also have access to crypto investments. They can also create a tax report in cooperation with the auditing firm KPMG, which is designed to be tailored to Austrian tax law.

"Digital asset management is radically simplifying the investment process for investors in Austria too. Now they can use the Scalable Broker to customize their portfolio even more or invest their money in crypto," says Florian Prucker, co-founder and co-CEO of Scalable Capital.

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. According to its own information, the start-up employs more than 380 people and has over 500,000 customers.