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European neobroker Scalable Capital raises $65M on a flat $1.4B valuation

TechCrunch LogoTechCrunch2 mo ago

European neobroker Scalable Capital raises $65M on a flat $1.4B valuation - TechCrunch

Quick Summary:

Scalable Capital, a Munich startup that aims to make investing in financial markets accessible to a wider range of consumers, is putting more fuel in its tank to drive deeper into Europe.

The company has raised €60 million in equity ($65 million at today’s rates).

Indeed, the fundraise may be coming at a tight time for startup finance, but one likely reason that Scalable took the money now is that, for neobrokers, the landscape is getting more competitive and crowded.


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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets:

Topics:

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News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-12-07 @ 07:29:44 (2 months ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 931 words

Reading Time: 6 minutes read

Sentences: 25 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 19219428

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