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Munich-based Scalable Capital raises $58m for its robo-investment platform

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Scalable Capital has mechanised a platform to monitor and manage investment portfolios investing in shares, trades and exchange traded funds for a flat fee of €2.99 per month.

This valuation was secured to expand its business. Scalable currently has some 30,000 customers across Germany, Austria and the UK. Using its services both directly and via bank partners, the startup says it has over $2 billion under management on its platform and the plan is to build more products for those customers, add more customers in those regions, and potentially look to more countries in Europe.

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