Scalable Capital is Now a Bank

Scalable Capital has been granted authorisation by the ECB to conduct deposit and lending business. This makes Scalable Capital a CRR credit institution (full bank) supervised by the German Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank. The banking licence enables Scalable Capital to provide all investment and banking services from a single source: alongside responsibility for account management, trading, clearing, settlement, and custody, Scalable Capital will now also accept client funds as deposits and conduct lending business.

“We now have all the building blocks necessary to unleash our full potential for our clients across Europe. As we do so, we continue to set new standards and expand our offering, providing clients and their families with everything they need for investing, saving, and financing. We will accompany them throughout their entire lives – from the first euro invested as part of a savings plan through to retirement and beyond,” says Erik Podzuweit, Founder and Co-CEO of Scalable Capital.

“Our strength lies in our unique, fully vertically integrated business model. We develop our technology ourselves and serve the entire value chain with our own full banking licence. This allows us to be there for our clients efficiently and securely,” says Florian Prucker, Founder and Co-CEO of Scalable Capital.

One account, multiple banks

Scalable Capital clients continue to receive 2% p.a. (variable) in both FREE and PRIME+, which corresponds to the current ECB deposit rate. From 1st October 2025, the interest rate in PRIME+ will apply to balances of unlimited size, and in FREE, the interest-bearing balance will double to €100,000.

Also new: from 1st October 2025, PRIME+ balances will be held at Scalable Capital Bank and several partner banks. To start with, there will be three partner banks, with more to follow shortly. [1] The cash balance distribution takes into account the balance held by Scalable Capital at the respective bank, the respective statutory deposit guarantee of €100,000 per client and bank, and any additional guarantee schemes. The breakdown is visible in the app and on the web at any time.

Scalable Capital’s own credit offering

In future, the bank will itself grant loans between €1,000 and €100,000 via its new Credit offering. Without a fixed term or a predetermined repayment plan, Credit is more flexible than many conventional consumer or instalment loans. With variable interest rates of only 3.24% p.a. in PRIME+ (4.24% p.a. in FREE), the conditions are significantly more favourable than many overdraft facilities or credit cards. Interest is calculated on a daily basis on the outstanding credit amount. There are no additional fees. The application process is entirely digital via the app or on the web.

Fully verticalised investment and banking platform

Since the end of 2024, Scalable Capital has been offering securities account management for its brokerage and wealth management services on its proprietary, fully verticalised technology platform. In addition, trading is now offered on the European Investor Exchange in Hanover, a regulated stock exchange that specialises in retail investors in Europe. Scalable Capital has taken over the technical operation of this exchange. Trading hours will be extended to 7:30 a.m. to 10:00 p.m. from 15th September 2025. In addition to the European Investor Exchange, trading is also possible via gettex (Börse München) and Xetra (Deutsche Börse).

New products and services for easy investment access

Since 2015, Scalable Capital has enabled retail investors access to simple and cost-effective investments. Today, all investor needs are met – from savers and investors to active traders and high-net-worth private clients – with a comprehensive offering of interest rates, ETFs, stocks, funds, bonds, cryptocurrencies, derivatives, and private equity. In Broker, clients take their investments into their own hands. With Wealth, Scalable Capital takes over the asset management with a cost-effective all-round service.

Scalable Capital has introduced several new features in recent months. The company is the first broker in Europe to integrate generative AI directly into its app via Insights. The service was specially developed for retail investors to answer questions about finances and investments directly where they arise. AI does not provide any investment advice.

In addition, Scalable Capital offers investments in unlisted companies. Via ELTIFs (European Long-Term Investment Funds), eligible clients can invest in private equity on an equal footing with institutional investors.

For families, Kids’ accounts are available in Broker and in Wealth. Parents can open accounts in their children’s names, take advantage of tax benefits and enable gifts. Children thus gain early access to long-term wealth accumulation via the capital markets.

To bring investment solutions even closer to clients in Europe, Scalable Capital has opened offices in Milan and Vienna. These offices will enable an even more comprehensive offering tailored to regional needs.