London, 1st March: Digital investment manager Scalable Capital today announced that it was selected for CNBC’s exclusive ‘Upstart 25’ list. CNBC created the list to reflect their view on the brightest, most intriguing technology-driven startups promising to become the great companies of tomorrow.
Since its launch last year, Scalable Capital has fundamentally changed investing by using technology at the heart of its service. Scalable Capital uses a data-led investment approach to build and manage globally diversified ETF portfolios designed to create long-term wealth for private investors.
“By naming Scalable Capital to the 2017 CNBC Upstart 25 List, CNBC recognises the disruptive potential of our technology-based service. Until now, sophisticated private wealth management has been a product reserved for a very small elite circle of wealthy investors. We’re making it accessible to everyone without sacrificing quality, while reducing its cost”, said Scalable Capital Founder & CEO Adam French.
Dr. Ella Rabener, UK Founder & Global CMO of Scalable Capital added: “Our concept has really struck a chord with frustrated private investors: in just over a year, we reached over £140m of assets under management, making us the fastest-growing online wealth manager in Europe.”
Scalable Capital is currently live in 3 countries (UK, Germany and Austria) and has over 4,000 clients. The company has raised €11 million in a Series A funding round and employs a team of 45 experts, with more than half working in its financial and software engineering teams. Having seen the success of its model, financial institutions have also begun partnering with Scalable Capital. Siemens Private Finance recently announced a cooperation with Scalable Capital in order to offer a wealth management solution to Siemens employees in Germany.
Scalable Capital was selected from 500 nominated companies which were ranked based on a combination of quantitative and qualitative criteria. CNBC.com’s special report, http://www.cnbc.com/upstart25/, features an in-depth profile of Scalable Capital and an explanation of how CNBC chose and ranked the companies on the list. CNBC will also keep track of Scalable Capital’s progress as a disruptor throughout the coming year.
To learn more about what makes Scalable Capital one of the most disruptive companies in the world, please visit https://uk.scalable.capital
About Scalable Capital
A year after launch, Scalable Capital is the fastest growing digital wealth manager in Europe. It already manages more than £140m in assets for over 4,000 clients. It is growing at a rate of £5m – £7m each week and operates in three countries.
Scalable Capital has fundamentally changed investing by using technology at the heart of its service. Unlike other offerings, Scalable Capital uses a technology-driven, data-led investment approach to deliver three key customer outcomes.
Better understanding of risk. Its technology allows them to drop vague risk labels like “high-risk” or “conservative”. Instead it provides clients with a percentage number which quantifies the potential downside in a bad year. No more guessing.
Better risk-adjusted returns. By focussing specifically on the risks in a client’s portfolio it aims to capitalise on markets where risk is rewarded, and limit exposure to excess risk in more volatile conditions where it doesn’t get rewarded with better returns.
Less emotional stress. By keeping risk stable in all market conditions, Scalable Capital helps clients stay invested in capital markets for longer so they can grow their wealth in the long term.
Built by a team of 45 experts spanning the financial, technology and academic worlds, Scalable Capital has created a service, which not only makes investment management cheaper, more accessible and more convenient, but better as well. All by using technology at every step of the process.
Scalable Capital has four founders: Erik Podzuweit, Florian Prucker, Adam French and Prof. Stefan Mittnik. They combine extensive capital market experience (both in practice and in research) with online expertise. Three of the founders previously worked at Goldman Sachs in trading and sales functions. They are therefore familiar with a variety of products aimed at retail investors.