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Scalable Capital

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Overview

Scalable Capital is BaFin-licensed German digital wealth manager + neobroker + Munich + €1M+ users + €27B+ AUM 2024 + BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others investors + first digital investment platform to offer BlackRock private equity solution [1, 2, de-cro]. 2025 baseline: Scalable Capital BlackRock partnership for private equity offering distinctive German digital wealth manager + neobroker BlackRock strategic alliance; First digital investment platform to offer the private equity solution from BlackRock distinctive German wealth manager BlackRock private equity democratization; €155M largest funding round to date distinctive German digital wealth manager + neobroker financial scale.

Distinctive Scalable Capital positioning:

  • BaFin-licensed German digital wealth manager + neobroker (since 2016; Munich)
  • €1M+ users + €27B+ AUM 2024 distinctive German digital wealth manager + neobroker scale
  • BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others investors distinctive German digital wealth manager + neobroker investor base
  • First digital investment platform to offer the private equity solution from BlackRock distinctive German wealth manager BlackRock private equity democratization
  • €155M largest funding round to date distinctive German digital wealth manager + neobroker financial scale
  • 2014 Scalable Capital founding by Erik Podzuweit + Florian Prucker + Patrick Pöschl + Adam French in Munich distinctive German fintech heritage
  • 2019 BaFin license + neobroker pivot from digital wealth manager distinctive German wealth manager → neobroker transition

History

2014 — Scalable Capital founded by Erik Podzuweit + Florian Prucker + Patrick Pöschl + Adam French in Munich as German digital wealth manager.

2016 — Scalable Capital mobile app launches as German digital wealth manager.

2019 — Scalable Capital obtains BaFin license + neobroker pivot from digital wealth manager distinctive German wealth manager → neobroker transition.

Jul 22 2021 — Scalable Capital €1B valuation post-Series E funded by BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others.

2024 — Scalable Capital €1M+ users + €27B+ AUM.

2025 — Scalable Capital launches private equity offering via BlackRock partnership available to Scalable Capital's qualified investors in Germany via Scalable Broker, with investments as little as €10,000 [1].

Ownership & operator

Operating entity: Scalable Capital GmbH (BaFin-licensed German digital wealth manager + neobroker; Munich; BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others investors).

Major shareholders: BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + Erik Podzuweit (co-founder + co-CEO) + Florian Prucker (co-founder + co-CEO) + Patrick Pöschl (co-founder) + Adam French (co-founder) + others investors; €155M largest funding round to date.

Regulators: BaFin (Federal Financial Supervisory Authority Germany) + Deutsche Bundesbank + ECB.

Technical integration

Scalable Capital mobile app (iOS + Android; €1M+ users + €27B+ AUM 2024) + scalable.capital online + Scalable Capital Visa debit card; SEPA + SEPA Instant + EPC-QR; Scalable Capital launches private equity offering via BlackRock partnership available to Scalable Capital's qualified investors in Germany via Scalable Broker, with investments as little as €10,000 distinctive German wealth manager BlackRock private equity democratization.

Users & growth

2024: Scalable Capital €1M+ users + €27B+ AUM.

Use cases

European retail + private + investing + commission-free trading + savings + ETFs + stocks + bonds + crypto + private equity via Scalable Capital mobile + scalable.capital online + Visa debit card; SEPA + SEPA Instant + EPC-QR; Scalable Capital launches private equity offering via BlackRock partnership available to Scalable Capital's qualified investors in Germany via Scalable Broker, with investments as little as €10,000 distinctive German wealth manager BlackRock private equity democratization.

Implementations & partners

Operator: Scalable Capital GmbH (BaFin-licensed German digital wealth manager + neobroker; Munich; BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others investors); BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + Erik Podzuweit (co-founder + co-CEO) + Florian Prucker (co-founder + co-CEO) + Patrick Pöschl (co-founder) + Adam French (co-founder) + others investors; €155M largest funding round to date.

BlackRock partnership: Scalable Capital launches private equity offering via BlackRock partnership available to Scalable Capital's qualified investors in Germany via Scalable Broker, with investments as little as €10,000 distinctive German wealth manager BlackRock private equity democratization; First digital investment platform to offer the private equity solution from BlackRock.

Major European neobroker + investment app competitors: [[trade-republic]] (Europe's largest neobroker by users; 10M+ users in 18 European countries; €150B+ AUM; €12.5B valuation post-Dec 2025 secondary share sale) + [[etoro]] (Israeli social trading + crypto investment; ETOR NASDAQ post-May 14 2025 IPO; 30M+ registered users in 75+ countries) + [[robinhood]] (US commission-free trading + crypto; NASDAQ: HOOD; 23.9M+ funded customers Q3 2025) + [[freetrade]] (UK commission-free trading; IG Group ~£160M acquisition Apr 2025) + [[bux-zero]] (Dutch commission-free trading; BlackRock + ABN AMRO investors) + [[lightyear]] (Estonian European investment app; ex-Wise founders) + [[degiro]] (Dutch FlatexDEGIRO; European discount broker; FlatexDEGIRO Bank AG full German banking license).

Regulators: BaFin + Deutsche Bundesbank + ECB.

Fun facts

  • BaFin-licensed German digital wealth manager + neobroker (since 2016; Munich).
  • €1M+ users + €27B+ AUM 2024 distinctive German digital wealth manager + neobroker scale.
  • BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others investors distinctive German digital wealth manager + neobroker investor base.
  • First digital investment platform to offer the private equity solution from BlackRock distinctive German wealth manager BlackRock private equity democratization.
  • €155M largest funding round to date distinctive German digital wealth manager + neobroker financial scale.
  • 2014 Scalable Capital founding by Erik Podzuweit + Florian Prucker + Patrick Pöschl + Adam French in Munich distinctive German fintech heritage.
  • 2019 BaFin license + neobroker pivot from digital wealth manager distinctive German wealth manager → neobroker transition.

Comparison

Feature Scalable Capital [[trade-republic]] (Europe's largest neobroker by users rival; 10M+ users in 18 European countries; €150B+ AUM) [[etoro]] (Israeli social trading + crypto investment rival; 30M+ registered users in 75+ countries) [[lightyear]] (Estonian European investment app rival; ex-Wise founders) [[degiro]] (Dutch FlatexDEGIRO rival; European discount broker)
Operator Scalable Capital GmbH (BaFin-licensed German digital wealth manager + neobroker; Munich; BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others investors) Trade Republic Bank GmbH (BaFin-licensed German broker-bank; €12.5B valuation post-Dec 2025 secondary share sale) eToro Group Ltd. (NASDAQ: ETOR post-May 14 2025 IPO) Lightyear Financial Ltd. (Estonian-founded neobroker; FCA UK + EFSA Estonia licensed) FlatexDEGIRO AG (FRA: FTK; FlatexDEGIRO Bank AG full German banking license)
Type BaFin-licensed German digital wealth manager + neobroker + Munich + €1M+ users + €27B+ AUM 2024 + BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others investors + First digital investment platform to offer BlackRock private equity solution + €155M largest funding round to date Europe's largest neobroker by users + 10M+ users in 18 European countries + €150B+ AUM + €12.5B valuation post-Dec 2025 €1.2B secondary share sale + 70% first-time investors + Sep 2025 Poland (first market outside eurozone) launch Israeli social trading + crypto investment + 30M+ registered users in 75+ countries + ETOR NASDAQ post-May 14 2025 IPO Estonian-founded by ex-Wise founders Martin Sokk + Mihkel Aamer in 2021 + 25 countries + Jul 2025 $23M Series B + $1B+ customer assets + Richard Branson investor Dutch FlatexDEGIRO + European discount broker + FlatexDEGIRO Bank AG full German banking license
Country DE + AT + FR + IT + ES + NL DE + FR + IT + ES + NL + AT + BE + IE + LU + PT + FI + GR + SK + EE + LT + LV + SI + PL (18 countries) 75+ countries 25 countries DE + NL + ES + FR + IT + others
Distinctive 2014 Scalable Capital founding by Erik Podzuweit + Florian Prucker + Patrick Pöschl + Adam French in Munich; 2016 Scalable Capital mobile app launch; 2019 BaFin license + neobroker pivot from digital wealth manager; Jul 22 2021 €1B valuation post-Series E; 2024 €1M+ users + €27B+ AUM; 2025 BlackRock private equity offering launch via Scalable Broker 2015 Trade Republic founding by Christian Hecker + Thomas Pischke + Marco Cancellieri in Berlin; 2019 Trade Republic mobile app launch; 2023 full German banking license from BaFin; Sep 2025 Poland launch (first market outside eurozone; 18 countries total); Dec 2025 €1.2B secondary share sale at €12.5B valuation 2007 eToro founding in Tel Aviv; May 14 2025 NASDAQ ETOR IPO; CopyTrader social trading distinctive 2021 Lightyear founding by Martin Sokk + Mihkel Aamer in Tallinn; Jul 2025 $23M Series B funding; $1B+ customer assets; Richard Branson investor 2008 DEGIRO founding in Amsterdam; 2020 FlatexDEGIRO merger

Status

Active, BaFin-licensed German digital wealth manager + neobroker + €1M+ users + €27B+ AUM 2024 + first digital investment platform to offer BlackRock private equity solution [1, 2, 3]:

  • Scalable Capital GmbH (BaFin-licensed German digital wealth manager + neobroker; Munich; BlackRock + Tencent + HV Holtzbrinck Ventures + Tengelmann + others investors) since 2014 Scalable Capital founding by Erik Podzuweit + Florian Prucker + Patrick Pöschl + Adam French in Munich + 2016 Scalable Capital mobile app launch + 2019 BaFin license + neobroker pivot from digital wealth manager + Jul 22 2021 €1B valuation post-Series E + 2024 €1M+ users + €27B+ AUM + 2025 BlackRock private equity offering launch via Scalable Broker.
  • Scalable Capital €1M+ users + €27B+ AUM 2024.
  • First digital investment platform to offer the private equity solution from BlackRock.
  • BaFin + Deutsche Bundesbank + ECB regulated.

Sources

Source

Biography extracted from scalable-capital.md. See matrix.md for standards-support matrix if present.

source · docs/wallets/scalable-capital/index.md