System robot: Scalable Capital receives 50 million euros

Germany's leading digital asset Manager, Scalable Capital completed a round of financing of over 50 million euros. The founder and managing Director Erik Podzu

System robot: Scalable Capital receives 50 million euros

Germany's leading digital asset Manager, Scalable Capital completed a round of financing of over 50 million euros. The founder and managing Director Erik Podzuweit said in an interview with F. A. Z.. "We feel it an honor that we were frozen in April, when, in particular, financing for Startups, which is managed," he said. It is according to his information, the largest financing round of Scalable Capital.

Markus Frühauf

editor in the economy.

F. A. Z. Twitter

Thus, the automated financial investment, specialized asset Manager, a capital of 116 million euros. As a particularly pleasing Podzuweit evaluates the participation of the investors, Blackrock, Holtzbrinck Ventures and Tengelmann Ventures, which have contributed more than 20 million. "The rest of the nearly 30 million euros will come from a new Investor who has specialized in young companies in the field of financial technology," reports the Scalable-founder, but the name of the new Investor and still covered.

This does not want to seem to occur before the registration in the commercial register to the public in appearance. The largest shareholder of Scalable, managed for 80000 customers ' funds of Euro 2.2 billion, the American asset Manager Blackrock with a third. Scalable puts together depending on the risk appetite of the customer of Algorithms, the Portfolio, consisting of exchange-listed index funds (Exchange Traded Funds; ETF) is. Blackrock is the largest ETF provider in the world.

With 400 million euros

The three other investors, so, Holtzbrinck, Tengelmann, as well as the new shareholders, will come together on a third. To Holtzbrinck alone, around 20 percent are likely to be omitted. According to Podzuweit Scalable Capital in the financing round with € 400 million a rating.

as the most important sales pillar of the business to third parties, where the Scalable system robot as so-called White-Label solution is according to. The system platform is the name of the partner. Scalable has Raiffeisen as a customer, Siemens, ING, the Targobank, the Austrian Bank group, the Spanish online Bank of Santander, Gerd Kommer Capital and, most recently, Barclays won. "This area has contributed more than half of the sales," says Podzuweit.

As the third area of the Online-Broker to be added, of a monthly flat rate for securities offered to the clients as the first business in Germany. If the customer is binding for twelve months to the Broker of Scalable, he pays a monthly fee of 2.99 euros and you can complete as much act and ETF savings plans, as he wants to.

Updated Date: 21 July 2020, 11:20

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