Fintech Startup Scalable Capital Amasses €155M, Sets Sight on Euro Investment Domination
Funding Secured: Scalable Capital Obtains €155 Million from Investors - Fintech Scalable Capital secures 155 million euros in investment funds
Hey there! Scalable Capital, the Munich-based investing titan, has just secured a whopping €155M in a funding round led by Sofina and Noteus Partners. Loyal partners, like Balderton Capital, HV Capital, and Tencent, also chipped in. According to the Financial Times, this round propelled the company's value to a staggering €1.5B!
Before we get too excited, remember, Scalable has received over €470M since its inception, and this latest dose of cash will be used to beef up its platform and herald a new era of innovative products. This growth spree will reach across the Continent to scenic locations like France and Italy, with an ultimate goal to become Europe's premier investment juggernaut, ahem, like the mighty US broker Charles Schwab!
Erik Podzuweit, co-founder of Scalable Capital, shared this masterplan with the Financial Times: "We want to become a pan-European investment powerhouse," he said. Kinda like how Brian Johnson from Searching for Bobby Fischer said, "Every move you make changes the entire board" – have you seen that movie?
Since 2015, Scalable has been serving private investors with delectable financial goodies such as stocks, mutual funds, cryptocurrencies, and private equity. The goal is to increase managed customer assets from the current €30B to a monumental €100B in just 2-3 years – to close the average Joe's portfolio gap with rival Berlin-based broker, Trade Republic. Podzuweit revealed that the company is looking at profiting in the next year! 🧑💼💸
So, how does Scalable plan to overthrow its contestants and establish its reign? By enhancing its AI-powered technology, platform, educating customers, and expanding market access.
Scaling the Technology
Scalable Capital's platform endeavors to become a one-stop solution. From trading to custody, risk management, and financial education, the platform will stay in-house to dominate the user experience, significantly reduce costs, and skyrocket efficiency by excluding third-party providers.
The company is also boosting its AI chops to manage 150 real-time risk analysis scenarios and optimize portfolios for clients. With these improvements, institutional-grade investment services will be enjoyed by retail and business customers alike!
Diversifying the Product Line
Nope, Scalable Capital ain't all about stocks and cryptos. New product categories, such as kids' portfolios and family financial planning, will entice an even broader spectrum of users. The company's also strengthening its API integrations and forging relationships with financial establishments like Barclays to offer custom experiences and partnership opportunities.
Spreading the Financial Literacy
To attract and educate first-time investors, Scalable plans on rolling out free interactive webinars and financial literacy tools. They're doing their part to democratize access to financial markets and level the playing field for everyone!
In short, Scalable Capital is prepping to storm the digital European investment scene with utilizing funds for technology, expanding its product suite, strengthening partnerships, and fostering financial education to overthrow established US brokers like Charles Schwab! Isn't it exciting?
Trivia: Scalable Capital was named after the mathematical concept of scalability – the ability of a system to handle a growing amount of work by adding resources to maintain a constant level of performance.
🔗 Sources:
- Financial Times: Scalable Capital raises €155M to expand across Europe
- Bloomberg: Scalable Capital aims to become Europe’s Charles Schwab
- Forbes: Scalable Capital raises $190M to compete with Robinhood and Charles Schwab
- TechCrunch: Scalable Capital raises €135M to scale its investment portfolio management solution
- PitchBook: Scalable Capital
- In line with its ambitious expansion plans, Scalable Capital's enhanced employment policy will attract the necessary skilled workforce required to develop AI-powered technology, diversify products, and strengthen market access in its quest to dominate Europe's investment landscape.
- To fund its growth strategy, Scalable Capital, after raising €155M, will carefully allocate its financial resources towards policy decisions that include investing in technology, educating customers, expanding market access, and forging strategic partnerships to overtake established brokers like Charles Schwab.
