Capitolis Raises $40 Million

Capitolis Raises $40 Million
22.11.2019 07:04 am

Capitolis Raises $40 Million

Wholesale Banking

Capitolis, a 'next generation' provider of capital markets technology founded by Gil Mandelzis, ex-Traiana, and Icap, Tom Glocer, ex-CEO of Thomson Reuters, and Igor Teleshevksy, formerly Traiana, has raised $40 million in financing from Spark Capital and SVB Capital.

The firm is designing multiple new products and services to address capital markets constraints on under-utilised capital, initially in equities and foreign exchange, and has been hoovering up top talent from across the industry since its launch in two years ago.

Since the introduction of its proprietary platform, Capitolis now has over 50 financial institutions live on its system, that have recorded transaction volumes of $1.5 trillion notional.

The latest funding round brings the total capital raised to date to $70 million, and will be dedicated to an upgrade of its technology platform, functionality and product offering.

Gil Mandelzis, CEO of Capitolis says: "Capitolis’ technology has already eliminated trillions of dollars of transactions notional to date, and with the new investments from Spark and SVB Capital, development is underway to expand the functionality and platform further.”

The company currently has 55 employees in New York City, London and Tel Aviv.

Tom Glocer, executive chairman, is bullish about the company's future prospects: “We now have the funding, the management team, and the core customer adoption to grow Capitolis into a major industry infrastructure and force.”

Related News

ChartIQ Updates Desktop Integration Platform

ChartIQ, a financial technology company that delivers software to help the finance world work smarter, today introduced Finsemble 4.0, the latest release of the company’s... Read more »

AcadiaSoft and Clarus Team on Initial Margin Analytics Service

AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced it will launch a joint... Read more »

Penta Offers Founder Package For Easy Company Creation

German business banking platform Penta has opened a one-stop shop for entrepreneurs to get their business propositions off the ground, co-operating with legal network... Read more »

Tencent and DST Global Pump $115 Million into Qonto

French neobank Qonto has raised $115 million in Series C funding from Tencent and DST Global to double down on existing markets, develop new features to tailor its products to... Read more »

Wethaq Launches First Sukuk on its Market Infrastructure Using SWIFT gpi Link

Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial... Read more »

Standard Chartered Invests in Regtech Startup Silent Eight

Standard Chartered’s innovation, fintech and ventures unit, SC Ventures, has participated in a Series A funding round for regtech Silent Eight.

The AI-powered anti-money... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel