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European neobroker Scalable Capital raises $180m+ at a $1.4b valuation

Germany based trading app for Europe raised $180m in Series E funding at a $1.4b valuation led by Tencent.

“We see huge demand to invest money in the capital markets instead of leaving it in bank accounts. This comes against a backdrop of record-low interest rates, growing inflation and a widening pension gap”, says Florian Prucker, co-CEO and co-founder of Scalable Capital, in a statement.

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europe, trading