Scalable Capital raises €50 million

… digital wealth management platform Scalable Capital has raised €50 million in a Series D Financing round.

The Scalable Capital platform is devised with self-directed investors in mind, creating and managing diversified ETF portfolios following an initial risk tolerance assessment.

In June, the firm launched its own brokerage offering retail investors flat rate trading for €2,99 per month and has seen its B2B business grow, with new customer Barclays joining the likes of ING, Santander’s OpenBank and Austria’s Raiffeisen.

The technology platform currently manages assets to the tune of €2 billion.

https://www.finextra.com/newsarticle/36258/scalable-capital-raises-50-million?utm_medium=dailynewsletter&utm_source=2020-7-23&member=98434