Traditional wealth management has long been the preserve of the few — high fees, steep minimums, and complex processes have kept most people on the sidelines. Scalable Capital is working to change that. By stripping away unnecessary costs, simplifying every step, and offering institutional-grade risk management, the platform enables anyone in Europe to build wealth, regardless of their experience or starting capital.
Today, Scalable Capital announced its largest funding round yet, raising €155 million, led by Sofina and Noteus Partners. Existing backers Balderton Capital, Tencent, and HV Capital also participated, bringing total investment in Scalable Capital to more than €470 million.
The fresh capital will strengthen the platform’s technological backbone and introduce new family-focused features, including kids’ portfolios for parents investing in their children’s futures. Co-CEO Erik Podzuweit described the round as validating Scalable Capital’s mission to become “Europe’s leading retail investment platform.” Fellow founder Florian Prucker highlighted how their technology democratises market access for millions.
Scalable Capital will enhance its AI-driven portfolio management tools and expand API integrations, creating more personalised experiences for retail and B2B clients. The platform’s growing white-label potential is evident through partnerships with institutions like Barclays. Additionally, the company is launching educational initiatives, including free interactive webinars and financial literacy tools for first-time investors and young adults.
Democratising access to wealth management and investment opportunities for everyone
Founded in Munich in 2014 by Erik Podzuweit and Florian Prucker, Scalable Capital emerged from a team with deep roots in finance and technology. Their experience at firms like Goldman Sachs revealed the exclusivity and high costs of traditional investing. Their mission became clear: harness technology to make investing simple, transparent, and affordable for everyone.
Today, Scalable Capital serves over one million clients across Germany, Austria, Italy, France, Spain, and the Netherlands, managing €30 billion in assets. The brokerage arm, launched in 2020, has attracted a younger demographic — users are an average of 10 years younger than those in wealth management.
Clients can access 8,000 stocks, 2,500 ETFs, 3,500 funds, and cryptocurrencies, with ETFs making up over two-thirds of invested capital. Recent additions include secured loans and 4% interest on uninvested cash (up to €1 million) for active users.
What problem does Scalable Capital solve?
Scalable Capital tackles five key challenges: accessibility, affordability, simplicity, transparency, and security. Users can start investing with just one euro monthly, benefit from low-cost ETFs and automated portfolio management, and access diversified, risk-managed portfolios through streamlined processes. BaFin’s strict oversight and secure custodianship ensure client protection.
“Low-cost, broadly diversified ETFs, free access to financial knowledge, stock exchanges tailored for retail investors, and technology-driven investment platforms like Scalable Capital have fundamentally improved access to capital markets for millions of retail investors. To accelerate this development, we will continue to invest in our fully vertically integrated platform with the additional capital,” says Florian Prucker, Founder and Co-CEO of Scalable Capital.
The platform’s AI-driven tools analyse over 150 real-time risk scenarios, automatically adjusting portfolios to stay on track. Features like fractional ETF shares and commission-free rebalancing have saved clients €1.2 billion since 2016. API integrations with partners like Barclays have driven B2B revenue growth of 200% year-on-year in 2024.
“Through our investment platform and additional new products, we’ll be able to offer even more European people the best investment options. We focus on wealth creation and saving for retirement for the whole family,” Podzuweit continues.
Unlike competitors like Trade Republic, which obtained a banking license, Scalable Capital partners with established banks like ING. This approach maintains agility and enables rapid expansion into new markets like Austria, France, and Spain.
“Noteus is proud to support Scalable Capital as it continues democratising retail investing in Germany and Europe. With its vertically integrated investment offering and highly engaged customer base, the company is well-positioned for long-term success. We look forward to partnering with the team as they continue to scale and shape the future of investing,” says Zoé Fabian-Frey, General Partner at Noteus Partners.
“Scalable Capital is transforming how individuals approach investing across Europe. Their innovative platform, comprehensive offering and clear vision for financial inclusion resonate strongly with Sofina’s strategy of backing impactful high-growth companies. We are enthusiastic about supporting their journey further to redefine the retail investment landscape in Germany and beyond,” says Maxence Tombeur, Managing Director at Sofina.
What’s next for Scalable Capital?
Looking ahead, Scalable Capital has launched the European Investor Exchange, a trading venue designed for retail investors that offers greater transparency and cost efficiency. The company now provides access to European Long-Term Investment Funds (ELTIFs), enabling retail clients to invest in private equity, a market traditionally reserved for institutions. A mobile-first, gamified investing experience for Gen Z is developing, featuring social elements and bite-sized financial lessons.
The platform will launch kids’ accounts this summer, helping families invest for the next generation. Over 1.2 million active savings plans demonstrate the trend toward systematic, long-term investing. The offering includes ESG-focused portfolios and carbon-neutral investment options aligned with Europe’s sustainability goals. The kids’ accounts initiative reinforces the company’s commitment to financial literacy for younger generations.
Scalable Capital’s €155 million Series E extension solidifies its position as a major player in European fintech. As it expands into family-oriented financial planning and new markets, Scalable Capital continues to reshape investing in Europe.
