Digital investment platform Scalable Capital has obtained a full banking license from the European Central Bank, allowing the German fintech to expand its offerings beyond investments to include deposit-taking and lending operations across Europe, with services scheduled to begin on October 1, 2025.

The newly licensed Scalable Capital Bank will operate under the supervision of Germany’s Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank. The company plans to introduce a new credit offering providing flexible loans ranging from
1,000 to
100,000, which will not include fixed terms or predetermined repayment schedules.

The banking license also brings changes to Scalable Capital’s interest-bearing accounts. Currently, both Free and Prime+ subscription plans offer a 2% annual interest rate. Following the October launch, Prime+ accounts will have no cap on interest-bearing balances, while the interest-bearing limit on Free accounts will double to
100,000. Prime+ balances will be held between Scalable Capital Bank and several partner banks, including Deutsche Bank, HSBC Continental Europe, and M
chener Hypothekenbank, with additional partnerships expected to follow.

Founded in Munich in 2014, Scalable Capital initially launched its digital wealth management service in 2016 to provide retail investors with access to professional investment services. The company expanded its offerings in 2020 with a neo-broker platform, enabling clients to trade shares, ETFs, and funds affordably. With additional operations in Berlin and London, Scalable Capital currently manages over $34 billion in assets for more than one million customers.

The approval of the banking license follows Scalable Capital’s recent $175 million funding round, secured just three months prior. This funding round, led by Sofina and Noteus Partners, marked the company’s largest to date, contributing to a total of $535 million raised. Balderton Capital, Tencent, and HV Capital also participated in the round.