Scalable Capital has doubled its assets under management (AUM) in the past three months and now manages EUR200 million on behalf of its clients.
It is one of the fastest-growing fintech companies in Europe.
"Our assets are growing by more than one million euros per day. Our service has really struck a chord with frustrated retail investors who know that they should be making their money work harder but the lack the time or expertise to manage their investments on their own, or who are frustrated with the high costs of traditional solutions. We are addressing this gap with our cost-efficient, technology-driven and intelligent wealth management proposition," says Adam French, founder and CEO of Scalable Capital.
Scalable Capital went live in the UK in summer 2016. In January 2017, the Fintech start-up began a collaboration with Siemens Private Finance which selected Scalable Capital as its exclusive partner to offer a wealth management solution to Siemens employees in Germany.
The company currently manages approximately 5,000 bespoke ETF portfolios for clients with an average value of EUR40,000. Scalable Capital’s clients are on average 46 years old and are well educated; more than 90 per cent hold an academic degree. Around two thirds of its clients have a background in economics, technology or engineering. Bankers represent the biggest customer group at 20 per cent of all clients.
