Announces New Strategic Investments from Citi, Morgan Stanley, State Street and UBS
Summary
New investments will support continued rapid growth for Capitolis; A representative from each bank will join the Board of DirectorsNEW YORK(BUSINESS WIRE) Capitolis, the technology company helping to create safer and more vibrant capital markets, today announced new strategic investments from four leading global banks. Its unique approach to working side-by-side with its customers to understand their core optimization issues and help solve for them is seen as a true differentiator.The need for the products Capitolis offers is expanding and as a result the company is seeing strong business momentum in terms of revenue growth, network participation and new product releases. Capitolis has been named as one of CNBCs Worlds Top Fintech Companies, Worlds Best FX Software Provider in the Euromoney Foreign Exchange Awards, and one of Fast Companys Worlds Most Innovative Companies.Capitolis has been partnering closely with the industry to make the financial markets safer and stronger within a well-regulated system, and we have seen tremendous growth because of this, said Gil Mandelzis, CEO and Founder of Capitolis. Our partnership with the worlds leading banks over the last few years has been terrific and we are excited to expand these relationships as well as add more of the worlds foremost financial institutions as both investors and board members.State Street is excited to continue our long-standing partnership with Capitolis. Welcoming additional key bank investors will further accelerate Capitolis success in capital markets optimization products, said Tobias Krause, senior managing director, Risk and Capital Optimization at State Street.