CapitalOS team (from website)
CapitalOS, an Israeli fintech startup, has raised $39 million led by Group 11 with participation from Upper90, Vera Equity and Slow Ventures. $9 million came in a Seed round and the rest in debt. At the same time, Israeli defense contractor Elbit Systems Ltd. was awarded a contract by Airbus Defense and Space to supply the Direct Infrared Counter Measures (DIRCM) and Infrared (IR) Missile Warning Systems for installation on the MRTT A330 refueling aircraft for Canada. The contract will be performed over a period of five years.
Elbit Systems DIRCM laser protection systems have accumulated hundreds of thousands of flight hours on dozens of platforms and provide advanced defensive technology solutions for aircraft operating in modern battlefields.
Oren Sabag, General Manager, Elbit Systems ISTAR and EW: “The decision by Airbus Defense and Space to continue equipping the MRTT A330 aircraft with our advanced defense solutions validate the quality and market leading technology of our solutions. Our DIRCM Self Protection Suite will provide the customer with advanced defensive solutions to bolster the security and operational advantage of the platforms and crew.”
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Founded in 2022 by Nir Dremer and Matan Goldschmiedt, CapitalOS is an embedded spend management infrastructure for B2B platforms, providing all the building blocks to launch within days. The company boasts that its technology integrates with just a single API call, offering embedded white-labeled user-experience and charge cards (physical and virtual). By integrating CapitalOS, platforms create a new revenue stream, increase their customer’s LTV, and avoid the extensive multi-year commitment and resource-intensive process of developing in-house service, CapitalOS handles the underlying complexities, including risk, capital, underwriting, compliance and more.
Leveraging CapitalOS’ embedded spend management infrastructure, explains the company, platforms can “quickly and easily” add spend management as a feature. Once added, CapitalOS “carries the brunt of managing risk, underwriting, compliance, debt and much more for the small businesses, and the platform can remain focused on its core competency.” This allows B2B platforms to stand out to the small businesses they service, by providing a product that saves them time and money while being far superior to legacy solutions.
“Managing expenses is crucial for small businesses, yet many struggle to manage expenses without necessary resources, resulting in wasted time and money,” said Nir Dremer, Co-Founder and CEO of CapitalOS. “We designed a solution that requires just one API call, and eliminates the burden on platforms to handle compliance, risk, underwriting, and capital.”
