Munich fintech opens London office
Munich-based fintech Scalable Capital has announced the opening of its London subsidary which is open to British retail investors.
The new subsidiary, Scalable Capital Limited, is subject to FCA regulation and offers UK investors access an investment approach which aims to reduce costs by replacing traditional tasks of the investment team with a technology driven approach.
The new team is led by Adam French, managing director and co-founder, who previously worked as executive director in the Trading division at Goldman Sachs, UK co-foudner Simon Miller, previously vice president at Barclays Capital, Manuela Rabener, CMO and UK co-founder, previously founder and CEO at Westwing Russia.
The cost structure of the offering resembles that of the Munich-based parent, including a 0.75% charge at a minimum investment of €10.000.