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Germany’s Scalable Capital secures $65m in Series E extension | Fintech InShorts: Latest fintech news, analysis by experts

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Germany’s Scalable Capital secures $65m in Series E extension

By Laura M

December 11, 2023

Scalable Capital raises $65 million in a Series E extension round.
Led by Balderton Capital, with participation from HV Capital’s new growth fund and existing investors.
Munich-based neobroker, founded in 2014, operates in multiple European countries.
Follows a $180 million Series E round in June 2021, maintaining a $1.4 billion valuation.
Offers a platform for investing in stocks, ETFs, funds, bonds, crypto, and derivatives.
Manages over €16 billion on its platform.
Plans to use the funds for product development and sustainable growth.
Aims to strengthen presence in existing markets and expand into new ones.
No current plans for a banking license; prefers partnerships with banks like ING, Barclays, and Santander.

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