Capitolis gets funding from BNP, Barclays, JPMorganChase

Timon/Adobe Stock

Global banks are increasingly investing in capital markets infrastructure through fintech partnerships, as illustrated by a recent funding round by Wall Street fintech Capitolis.

Capitolis has raised $56 million in venture funding, according to an announcement released by the company on Wednesday. Two global banks, Barclays and BNP Paribas, joined the fintech's latest funding round alongside JPMorganChase and other previous bank investors from earlier in the funding round including Citigroup, Morgan Stanley, State Street and UBS.

The new investments mark the close of the fintech's latest funding round, which it plans to use to "accelerate that growth within each of its capital marketplace and portfolio optimization businesses," according to a press release.

"These investments will help us further accelerate our growth and expansion in the capital markets as we continue our strong business momentum," said Capitolis CEO Gil Mandelzis in a statement.

Overall, about 100 banks use Capitolis' software for capital marketplace management and portfolio optimization. In 2022, a network of 12 banks worked with Capitolis to reduce their exposures to the Russian ruble in the wake of the initial invasion of Ukraine.