Scalable Capital becomes a unicorn after new investment round

Tom Schmidtgen Tom Schmidtgen | 09.06.2021

The Chinese group Tencent is taking a stake in Neobroker. The Munich-based fintech receives a total of 150 million euros.

Scalable Capital cracks the magic Unicorn mark in its latest financing round and is now worth 1.4 billion euros. The neobroker receives a total of 150 million euros. Half of the money comes from Chinese internet company Tencent. "Demand for accessible private investing solutions is growing in European markets, especially among millennials," said Danying Ma, managing director of Tencent Investment. "Scalable Capital excels at providing a convenient and cost-effective investment experience for its clients." Erik Podzuweit, Co-Founder and Managing Director, told Frankfurter Allgemeine Zeitung(FAZ), "With Blackrock, we already have the largest Western asset manager on board since 2017. Now we have also convinced the largest Chinese venture capitalist." Tencent is acquiring 6.5 percent of the shares.

The Munich-based company wants to use the money for growth in the European market. Already, more than a quarter of a million customers manage assets totaling more than four billion euros via Scalable Capital's platform. The start-up already employs 230 people in Munich, London and, most recently, Berlin. "We are also looking for talent to drive our international expansion in Europe," Podzuweit said in a statement. "Employees can work out of the office, from home or any location they choose - flexibility that is highly valued and we will maintain." By the end of the year, 400 employees are expected to be working for Scalable Capital. In particular, the markets of France, Spain and Italy are now being targeted, writes FAZ. Podzuweit can imagine an IPO in one to two years at the earliest. Spacs had also shown interest in the fintech. "But I see them rather critically," the founder tells FAZ. "Sure, there are also good Spacs, but many only want to profit from the current stock market euphoria and advertise with some celebrities who have no idea about the subject."


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Startup 2014 München Scalable Capital Digital asset advisor that creates and monitors customized and globally diversified ETF portfolios for clients.

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