Online investment management platform Scalable Capital has passed the €1bn assets under management mark, reaching this goal in just 28 months.
Founded in 2014, the company offers a democratised asset management platform, providing its clients with cost-efficient ETFs, professional risk management tools, and a digital service. The platform is in operation in the UK, Germany, Switzerland and Austria, and has over 30,000 clients.
Users can access aa diverse portfolio of ETFs, comprised of equities, government bonds, corporate bonds, commodities, real estate and cash. The app will then manage the risk of the portfolio and will adjust it depending on risk and how the market is.
Scalable Capital co-founder and UK CEO Simon Miller said, “We’ve grown our assets under management faster than the robo-advice pioneers from the US who started a few years before us and which now manage more than ten billion US dollars.”
Within the first eleven months after its launch, the company has accumulated €100m, and during the next eleven months, it acquired an additional €500m. Over the course of the next sixth months, the platform supposed €1bn.
Scalable Capital co-founder and director Adam French said, “The market for digital wealth management is currently growing faster than the ETF market did in its early days. We are therefore convinced that the majority of investors will use digital investment solutions in a few years’ time.
“The use of leading technology and the cost advantages are compelling reasons to use digital wealth managers rather than invest in actively managed funds. When you add to that how few people feel confident managing a capital market portfolio themselves, a service like ours is the obvious solution for most private investors.”
Earlier in the week, retail investment platform Republic raised $12m in a round of funding that will support the tokenisation of its services. The capital is also being used to support the creation of its own security token.
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