CapStack CTO Tzvika Perelmuter (Company pic)
Israeli fintech startup CapStack raises $6 million in pre-Seed funding led by Fin Capital with participation from Alloy Labs, Rex Salisbury’s Cambrian Ventures, Cowboy Ventures and others.
Fintech is a portmanteau of “financial technology”. It refers to the use of technology to improve and automate the delivery and use of financial services. Fintech companies use new technology to compete with traditional financial methods in the delivery of financial services.
Fintech services include mobile banking, mobile payments, Blockchain, crowdfunding platforms, insurtech, regtech, stock trading and much more.
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Fintech is a rapidly growing industry, and it is expected to continue to grow in the years to come. This is due to the increasing demand for financial services that are more convenient, efficient, and affordable. Overall, fintech is a promising industry with the potential to revolutionize the way we manage our finances. However, there are still some challenges that need to be addressed before fintech can reach its full potential.
In the case of CapStack, the firm is developing an integrated operating system for banks that is meant to provide them with visibility into one another’s portfolios.
Founded by CEO Michal Cieplinski and CTO Tzvika Perelmuter, CapStack boasts that the firm is the first integrated operating system for banks enabling cooperation across banks and other financial services institutions in order to drive profitability and asset diversification.
“CapStack has the opportunity to dramatically improve solutions for bank risk management at a critical time for the stability of our country’s banking infrastructure,” said Logan Allin, Founder and Managing Partner at Fin Capital, who has joined CapStack’s board. “Banks still rely on legacy technology for managing risks around their balance sheets, and to restore confidence for consumers, commercial customers, regulators, and other stakeholders, they absolutely need an upgrade. We are thrilled to back Michal again as a repeat founder from within our portfolio and the talented team at CapStack.”
“This is a significant milestone for CapStack and the banking industry as a whole,” said Michal Cieplinski, Founder and CEO of CapStack.
