Scalable Capital
Scalable Capital Bank GmbH is a Munich-based BaFin-licensed digital wealth and brokerage platform serving retail investors across seven European countries with self-directed trading, automated portfolio management, interest-bearing cash, and securities-based credit products.
- Company typePrivate
- Founded2014
- HeadquartersMunich, Germany
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Scalable Capital does
Scalable Capital Bank GmbH is a Munich-based digital wealth management and brokerage platform founded in 2014, operating as a fully BaFin-licensed credit institution since 2025. The company offers a unified self-serve platform spanning self-directed Broker trading (stocks, ETFs, cryptocurrencies, funds, derivatives with savings plans from €1), automated Wealth portfolio management, a 2.50% interest-bearing Overnight Account, securities-based credit up to €250,000, and a children's custody account. Distribution is digital-first via native iOS/Android apps and a web platform, with localised onboarding across seven European countries (Germany, Austria, Switzerland, France, Netherlands, Italy, Spain), backed by infrastructure partners including AWS (Frankfurt hosting), Baader Bank and ING-DiBa as custodian banks, and Deutsche Bank/HSBC/Münchener Hypothekenbank/NordLB as trustee banks.
The product suite is supported by proprietary technology including the Smart Predict machine-learning feature (PRIME Broker) for real-time order execution probability, OpenAI-powered AI Assistants for customer support, automated credit scoring and AML/fraud detection, and the Scalable World ETF developed in partnership with Xtrackers by DWS. Sub-brands Oskar (with Oskar.de GmbH) and Gerd Kommer Capital (advised by Gerd Kommer Invest GmbH) extend wealth management reach, while the 2021 JustETF acquisition provides an ETF information portal. The platform roadmap includes the German Retirement Account (Altersvorsorgedepot) launching 1 January 2027 under the Retirement Provision Reform Act, plus an Early Start Pension for minors.
Revenue is generated through a hybrid model: brokerage commissions and transaction fees on trading activity, recurring PRIME/wealth management subscriptions, interest spread on customer cash balances distributed across multiple trustee banks, and interest income on securities-backed lending. Customer acquisition relies on product-led growth, multi-channel digital marketing (organic social, paid acquisition across Meta/LinkedIn/TikTok/Microsoft/Reddit), affiliate networks (financeAds, NetSlave), and content/SEO — with no enterprise sales motion despite IPO consideration at a €1.5 billion valuation following €470M+ of cumulative funding led by Tencent, Sofina, Noteus Partners, Balderton, HV Capital and BlackRock.
Scalable Capital firmographics
Firmographics- Name
- Scalable Capital
- Legal name
- Scalable Capital Bank GmbH
- Website
- https://de.scalable.capital
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Scalable Capital Bank GmbH is a Munich-based BaFin-licensed digital wealth and brokerage platform serving retail investors across seven European countries with self-directed trading, automated portfolio management, interest-bearing cash, and securities-based credit products.
- Ownership category
- akta.pro rank
Scalable Capital industry classification
Industry- Product category
- Digital Wealth Management & Brokerage
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Digital Banking & Neobank Platforms (BPAMAFAD)
- akta.pro secondary industries
- Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG), Money Market Funds (FSAAAEAC)
Keywords
Where Scalable Capital is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Scalable Capital business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- Brokerage Commissions & Trading Fees: Revenue from trading stocks, ETFs, cryptocurrencies, funds, and derivatives. FREE Broker and PRIME Broker subscription tiers with different fee structures. PRIME Broker users get lower Instant deposit fees.
- PRIME Subscription: Monthly subscription for premium brokerage services including multiple portfolio groups, Smart Predict functionality, and lower trading costs.
- Interest on Cash Balances: Earns interest on customer cash held in overnight accounts and distributed across trustee banks. Currently offering 2.50% p.a. on unlimited overnight savings.
- Credit Services: Securities-based credit up to €250,000 with variable borrowing rates, providing interest income on loans extended to customers.
- Wealth Management Fees: Automated investing with professional portfolio management including ING partnership, Oskar brand, and Gerd Kommer Capital advisory services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | FREE Broker - Basic trading platform with essential features |
| Subscription | Monthly | PRIME Broker - Premium trading with advanced features |
| Subscription | Monthly | Wealth Management - Automated portfolio management |
| Usage-based | Quarterly | Credit - Securities-backed loans |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
Scalable Capital product offering
Product offeringCore offering
Scalable Capital Bank GmbH is a Munich-based, BaFin-licensed digital bank offering a unified investment platform combining self-directed brokerage (Scalable Broker) with automated portfolio management (Scalable Wealth). Customers can trade stocks, ETFs, cryptocurrencies, funds and derivatives from €1 savings plans, hold cash earning 2.50% p.a. interest in the Scalable Overnight account, access securities-based credit up to €250,000, and use AI-powered tools such as Smart Predict and AI Assistants.
Product overview
Scalable Capital Bank GmbH operates as a Munich-based fintech offering a unified digital wealth management and brokerage platform. The core offering consists of two integrated products: Scalable Broker (self-investing platform for stocks, ETFs, crypto, funds, and derivatives with savings plans from €1) and Scalable Wealth (automated ETF portfolio management with optional sustainable strategies). These are supported by the Scalable Overnight Account (2.50% p.a. cash savings), securities-based credit (up to €250,000), and the Scalable Kid's Account for children's investment. A premium PRIME+ subscription tier provides enhanced deposit guarantees and advanced features. The product ecosystem also includes the Scalable World ETF (in partnership with Xtrackers/DWS), the upcoming German Retirement Account (Altersvorsorgedepot, launching 2027), and Early Start Pension for children. Acquired brand JustETF expands ETF research information. Sub-brands Oskar and Gerd Kommer Capital extend wealth management to partner-managed offerings. Platform features include Smart Predict (ML-powered order execution probability), AI Assistants (OpenAI-powered chatbots), take-profit/stop-loss orders, instant deposits, portfolio groups, and fund savings plans. The platform integrates with multiple custodian banks (Baader Bank, ING-DiBa), trustee banks (Deutsche Bank, HSBC, Münchener Hypothekenbank, NordLB), and major money market fund providers (JPMorgan, DWS, BlackRock, Amundi). With its full banking licence secured in 2025, Scalable Capital is regulated by BaFin and Deutsche Bundesbank.
Differentiator
Problem solved
Functional benefit
Brands
- Scalable Broker: Self-investing platform allowing users to trade stocks, ETFs, crypto and more with savings plans from €1
- Scalable Wealth
- Scalable World ETF
- Scalable Prime
- Oskar
- Gerd Kommer Capital
Products and services
- Scalable Broker
- Scalable Wealth
- Scalable Overnight Account
- Scalable Kid's Account / Scalable Pocket Money
- Crypto Trading
- Scalable World ETF
- German Retirement Account (Altersvorsorgedepot)
- Early Start Pension (Frühstart-Rente)
- Oskar (Wealth Management)
- Gerd Kommer Capital (GKC)
- JustETF
- Credit / Securities-Based Lending
- Private Markets
- Money Market Funds (Qualifying)
Quantifiable outcome
- Savings plans from €1
- +2 more outcomes
Companies that use Scalable Capital
Customer profileSegments4 records
Ideal customer profiles3 records
Scalable Capital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration45 records
AI capability10 records
Feature4 records
Scalable Capital partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- OpenAIcoreSelected for OpenAI's Trusted Access initiative providing controlled access to advanced cybersecurity models including GPT-5.5-Cyber to strengthen financial services security defenses.
- Baader Bank AGcoreCustodian bank partner for custody accounts and clearing accounts for Oskar wealth management brand and Gerd Kommer Capital services. Processes client data under its own responsibility.
- ING-DiBa AGcoreCooperation partnership where ING acts as custodian bank while Scalable Capital manages investment portfolios for wealth management clients.
- Xtrackers (DWS)corePartnership for proprietary Scalable World ETF, an All Country World ETF providing global diversified investment exposure.
- Amazon Web Services (AWS)corePrimary hosting provider for database and web content. Data stored in German data center in Frankfurt am Main. EU standard contractual clauses in place for data protection.
- Gerd Kommer Invest GmbHcoreAdvisory partner for Gerd Kommer Capital brand portfolio management, providing investment strategy guidance and portfolio composition recommendations.
- financeAds GmbH & Co. KGminorAffiliate network partner for reaching new clients through advertising partners with click or completion fee remuneration.
- NetSlave GmbHminorAffiliate network partner for performance-based marketing campaigns to acquire new customers.
Scale indicators8 records
Recent moves7 records
Expansion highlights7 records
Scalable Capital competitors and assessment
Company assessmentDirect peers
- Trade Republic: Berlin-based German neobroker offering commission-free stock/ETF/crypto trading and a savings product; named by Scalable itself as a peer in the German fintech ecosystem. Directly comparable on product set, target market and digital-only distribution.
- Bitpanda: Vienna-based European digital investment platform spanning trading, wealth management and crypto. Direct competitor across online brokerage, automated investing and crypto exposure for European retail customers.
- Moneyfarm: Pan-European digital wealth manager offering automated portfolio management (ISA, SIPP, general investment accounts) across UK and Italy. Direct peer to Scalable Wealth's automated ETF portfolio offering.
- Nutmeg: UK-headquartered digital wealth manager offering automated and discretionary managed portfolios with ISAs and pensions. Closest direct competitor for Scalable Wealth's automated, globally diversified ETF proposition in Europe.
- eToro: Multi-asset social trading platform with strong European retail user base across stocks, ETFs and crypto. Direct competitor in self-directed retail investing and multi-asset retail brokerage.
- Degiro (FlatexDEGIRO): European discount broker owned by FlatexDEGIRO, offering low-cost stock, ETF and derivatives trading across multiple EU markets. Comparable on discount self-directed brokerage and European retail execution.
- Wealthfront: US-based automated investing and cash management platform combining robo-advisor portfolios with high-yield cash. Strong benchmark peer for Scalable's combined automated wealth + overnight cash account proposition, though US-only.
Broad incumbents
- Robinhood: US-listed digital broker combining zero-commission trading, cash sweeps and subscription tiers (Gold). Closest US-listed incumbent analog to Scalable Broker's fee tier structure + subscription model.
- Interactive Brokers: Global incumbent broker with multi-asset retail and institutional execution across equities, ETFs, derivatives and FX. Comparable as a broad incumbent serving European retail with deeper multi-asset functionality.
- Revolut: UK-headquartered digital super-app with EU banking licence, including trading, savings and wealth features for retail customers. Comparable as a broad licensed digital bank adding trading and wealth, though primarily payments-led.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Scalable Capital social profiles
Digital presenceScalable Capital compliance and trust
Trust signalCompliance11 records
Scalable Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Scalable Capital leadership team
Management profileNumber of profiles
Profiles15 records
Scalable Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Scalable Capital funding detail
Funding detailFunding overview
Funding rounds8 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Scalable Capital M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Scalable Capital
What does Scalable Capital do?
Scalable Capital Bank GmbH is a Munich-based, BaFin-licensed digital bank offering a unified investment platform combining self-directed brokerage (Scalable Broker) with automated portfolio management (Scalable Wealth). Customers can trade stocks, ETFs, cryptocurrencies, funds and derivatives from €1 savings plans, hold cash earning 2.50% p.a. interest in the Scalable Overnight account, access securities-based credit up to €250,000, and use AI-powered tools such as Smart Predict and AI Assistants.
Is Scalable Capital a public or private company?
Scalable Capital is a private company. It is classified as venture growth investor backed and is currently operating.
When was Scalable Capital founded?
Scalable Capital was founded in 2014. It employs 501 to 1,000 people.
Where is Scalable Capital based?
Scalable Capital is headquartered in Munich, Germany, in the Europe region.
How does Scalable Capital make money?
Five revenue lines are on record. Brokerage Commissions & Trading Fees are the primary driver. The others are PRIME Subscription, interest on Cash Balances, credit Services and wealth Management Fees.
Who are Scalable Capital's main competitors?
Direct peers on record are Trade Republic, Bitpanda, Moneyfarm, Nutmeg, eToro, Degiro (FlatexDEGIRO) and Wealthfront. Broad incumbents are Robinhood, Interactive Brokers and Revolut.
Does Scalable Capital have an API?
No public API is recorded for Scalable Capital.
What industry is Scalable Capital in?
Scalable Capital's product category is Digital Wealth Management & Brokerage. Its primary akta.pro industry code is BPAMAFAD, Digital Banking & Neobank Platforms, with a secondary code of FSAGAAAG, Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration). Its NAICS code is 522110 and its SIC code is 6021.