Scalable Capital, the European digital investment manager, is now fully live in the UK market. The German startup has completed the onboarding of clients from its UK waiting list, and is now open to the general public.
Scalable Capital announced the closing of a Series-A funding round of € 7 million in March 2016. Thus the total funding was taken to more than €10 million. The new capital is being deployed to build out Scalable Capital’s UK client base as well as to fund selective expansion into new markets. Both of these tasks have been completed. The young company is well positioned to continue its rapid growth across Europe. Currently it is managing client money in the UK, Germany and Austria.
Adam French, Managing Director and co-Founder at Scalable Capital: “The UK launch is a key milestone as we look to continue the strong growth of our business across Europe. We are already one of the fastest growing digital investment managers in Europe and currently manage more than 1,200 client portfolios. We’ve received very positive feedback from clients in all countries following Brexit, as they saw this period as a litmus test for our risk management technology and are now confident to shift more assets into their accounts with us.”
Dr. Ella Rabener, CMO and UK co-Founder at Scalable Capital: “The initial response from UK clients has been overwhelmingly positive. UK retail investors don’t want just a smooth online experience – they want an innovative investment service that offers a data-driven and more individually tailored approach to investing. That is what Scalable Capital provides.”
Scalable Capital’s proprietary technology dynamically allocates each investor’s portfolio based on a quantitative measure of their risk appetite. The technology uses forward-looking projections, based on recent market developments, to measure the level of risk in the ETF products the client is invested in, and then reallocates their portfolio according to their risk limit.
In contrast to traditional wealth managers, Scalable Capital adopts a fluid approach to the weighting of asset classes in its portfolios. This allows investors to capitalise on markets where risk is rewarded, and limit exposure to excess risk in more volatile conditions. This state-of-the-art technology is an institutional class investment product, available, for the first time, to retail investors, at a fraction of the cost. The startup was founded in 2014.