# Scalable Capital

> Source: https://docs.barcoder.ai/docs/wallets/scalable-capital
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Scalable Capital — official](https://de.scalable.capital/)

## 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** <sup>[1][1], [2][2], [Germany report](https://docs.barcoder.ai/docs/payments/DE)</sup>. **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** <sup>[1][1]</sup>.

## 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](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/etoro) (Israeli social trading + crypto investment; ETOR NASDAQ post-May 14 2025 IPO; 30M+ registered users in 75+ countries) + [Robinhood](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/trade-republic) (Europe's largest neobroker by users rival; 10M+ users in 18 European countries; €150B+ AUM) | [eToro](https://docs.barcoder.ai/docs/wallets/etoro) (Israeli social trading + crypto investment rival; 30M+ registered users in 75+ countries) | [Lightyear](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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

[1]: https://finovate.com/category/scalable-capital/ "Scalable Capital Archives — Finovate"
[2]: https://finovate.com/scalable-capital-secures-e155-million-in-its-largest-funding-round-to-date/ "Scalable Capital Secures €155 Million in its Largest Funding Round to Date — Finovate"
[3]: https://de.scalable.capital/ "Scalable Capital — official"
[de-cro]: https://docs.barcoder.ai/docs/payments/DE

- [1] [Scalable Capital Archives — Finovate][1]
- [2] [Scalable Capital Secures €155 Million in its Largest Funding Round to Date — Finovate][2]
- [3] [Scalable Capital — official][3]
- <sup>[Germany report](https://docs.barcoder.ai/docs/payments/DE)</sup> In-corpus: `reports/countries/DE-germany.md`

## Source

Biography extracted from [scalable-capital.md](https://docs.barcoder.ai/source/wallets/scalable-capital). See `matrix.md` for standards-support matrix if present.