Announced
Completed
Financials
Sources
Tags
Single Bidder
Germany
Cross Border
Private
neo-broker
Diversified Financials
Private Equity
Acquisition
Minority
digital wealth management
Completed
Friendly
Venture Capital
Synopsis
Tencent led a $180m Series E funding round in Scalable Capital, a fast-growing neo-broker and a digital wealth manager. Existing shareholders participated as well. “Tencent complements our existing long-term partners who already represent an international investor base. Our recent funding is a major step forward on our way to becoming the leading retail investment platform in Europe. The strong acceleration of our growth further validates our mission to empower investors,” Erik Podzuweit, Scalable Capital Co-CEO and Co-Founder.
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