Scalable Capital

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.

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

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

• Digital brokerage
• Wealth management
• Retail investing
• Online trading
• Digital banking

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. 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.
2. PRIME Subscription: Monthly subscription for premium brokerage services including multiple portfolio groups, Smart Predict functionality, and lower trading costs.
3. 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.
4. Credit Services: Securities-based credit up to €250,000 with variable borrowing rates, providing interest income on loans extended to customers.
5. Wealth Management Fees: Automated investing with professional portfolio management including ING partnership, Oskar brand, and Gerd Kommer Capital advisory services.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core 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

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration45 records

AI capability10 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• OpenAIcoreTechnology or Integration · 15 May 2026Selected 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 AGcoreTechnology or IntegrationCustodian 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 AGcoreTechnology or IntegrationCooperation partnership where ING acts as custodian bank while Scalable Capital manages investment portfolios for wealth management clients.
• Xtrackers (DWS)coreStrategic or Co-development PartnerPartnership for proprietary Scalable World ETF, an All Country World ETF providing global diversified investment exposure.
• Amazon Web Services (AWS)coreTechnology or IntegrationPrimary 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 GmbHcoreStrategic or Co-development PartnerAdvisory partner for Gerd Kommer Capital brand portfolio management, providing investment strategy guidance and portfolio composition recommendations.
• financeAds GmbH & Co. KGminorChannel Partner/ Reseller/ DistributorAffiliate network partner for reaching new clients through advertising partners with click or completion fee remuneration.
• NetSlave GmbHminorChannel Partner/ Reseller/ DistributorAffiliate network partner for performance-based marketing campaigns to acquire new customers.

Scale indicators8 records

Recent moves7 records

Expansion highlights7 records

Direct 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

• Xx.com/ScalableCapDACH
• YouTubeyoutube.com/c/ScalableCapital-DACH
• Facebookfacebook.com/de.scalable.capital
• LinkedInlinkedin.com/company/scalable-capital
• Instagraminstagram.com/scalable.capital
• TikToktiktok.com/@scalable.capital

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scalable Capital