New York-based capital market fintech Capitolis has raised $40 million in a Series B funding round led by Spark Capital and Silicon Valley Bank (SVB) Capital. The start-up’s product connects financial institutions (FIs) across the global market, allowing them to collaborate, more easily detect attractive capital sources and avoid over-utilisation of capacity which can increase costs. Investors see the fintech in a position “to transform a whole industry”. Investors see the team “on a multi-trillion dollar mission to reduce risk in the global financial system while improving returns” Existing backers in the investment round included technology capital funds Index Ventures and Sequoia Capital,…
Capital market disruptor Capitolis raises m in Series B
Capital market disruptor Capitolis raises $40m in Series B
