Florian Prucker studied business administration and electronics at the Technical University of Munich. He then worked at Goldman Sachs, where Erik Podzuweit also worked. From the inside, they saw wealth management as a product kept for the rich.
In December 2014 they started Scalable Capital in Munich with Adam French and Stefan Mittnik. The first product, a robo-advisor, launched in 2016. BlackRock led a €30 million round in 2017 and ING became a partner.
In 2020 the company added a broker where clients choose their own ETFs. A Series E of about €150 million led by Tencent in 2021 made it a unicorn, and in the same year it acquired the ETF portal justETF. In 2024 it managed €20 billion in assets.
In 2025 Scalable received a full banking licence from the European Central Bank. By August 2026 it had more than 1 million clients and more than €60 billion in assets. The company is privately held.