BlackRock has taken a minority stake in digital invesetment management firm Scalable Capital, leading a €30m funding round.
The firm, which was launched in 2014 and describes itself as Europe's fastest-growing digital wealth manager, has €250m in assets and over 6,000 retail clients. Wealth managers at risk of losing out from tech revolution BlackRock is leading a €30m funding round with existing investors HV Holtzbrinck Ventures and Tengelmann Ventures. This takes total funding for the Scalable Capital to €41m. The firm has history in the fintech arena, having existing fintech products Aladdin Risk for Wealth, iRetire, iCapital and FutureAdvisor in the US. Source launches first fintech ETF Scala...
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