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European neobroker Scalable Capital raises $180M+ at a $1.4B valuation

Neobrokers startups that are disrupting the investment industry by providing a platform for a wider range of consumers to partake in the stock market by offering them more incremental investment options and modern and easy mobile-based interfaces to manage their money continue to see a huge amount of interest, and today comes the latest development in that story. Scalable Capital, a Munich/Berlin startup that provides tools to monitor and manage portfolios for those investing in shares, manage trades and exchange traded funds for a flat fee of €2.99 per month, has raised over $180 million (around €150 million) to expand its business. The company confirmed to us that the investment, a Series E being led by China's Tencent, is being done at a $1.4 billion valuation. ....

Scalable Capital , Investing In Shares , Investing Money , Xchange Traded Funds ,