Latest news with #Capitolis
Finextra
4 days ago
- Business
- Finextra
Barclays and BNP Paribas invest in Capitolis
Barclays and BNP Paribas are the latest big-name banks to invest in Capitolis, bringing the capital markets tech provider's strategic funding round up to $56 million. 0 Existing investor JP Morgan, alongside VCs Canapi Ventures, 9Yards Capital, and Greenfield Partners, has also joined the round. Citi, Morgan Stanley, State Street and UBS all invested in November. Founded by Gil Mandelzis, ex-Traiana and Icap, Tom Glocer, ex-CEO of Thomson Reuters, and Igor Teleshevksy, formerly Traiana, Capitolis is designing multiple new products and services to address capital markets constraints on under-utilised capital. 'We're pleased to support the ongoing development of innovative products by Capitolis, and this investment further cements the collaboration between our firms,' says Kester Keating, head of US principal investments, Barclays. Adds Capitolis CEO Mandelzis: 'These investments will help us further accelerate our growth and expansion in the capital markets as we continue our strong business momentum.'
Yahoo
4 days ago
- Business
- Yahoo
Capitolis Announces Strategic Investments from Barclays, BNP Paribas, and J.P. Morgan, Alongside Existing VC Investors Canapi Ventures, 9Yards Capital, and Greenfield Partners
Close of latest strategic round of funding, totaling $56 million, includes investments previously announced in November 2024 from Citi, Morgan Stanley, State Street, and UBS Investments will support next phase of Capitolis' rapid growth and expansion NEW YORK, August 06, 2025--(BUSINESS WIRE)--Capitolis, the financial technology company, today announced additional strategic investments from leading global banks and venture capital firms. New bank investors Barclays and BNP Paribas join J.P. Morgan, an existing Capitolis investor, as well as Citi, Morgan Stanley, State Street, and UBS—all of which previously invested in this round. As part of this, venture capital firms Canapi Ventures, 9Yards Capital, and Greenfield Partners—investors in Capitolis' Series D in 2022—have also increased their investments in the company. These new investments mark the close of this round of funding, bringing the total raised to $56 million. Capitolis continues to experience strong business momentum and expansion, and the company will use these additional funds to accelerate that growth within each of its Capital Marketplace and Portfolio Optimization businesses. Viewed as a strategic partner to the financial industry, Capitolis works side by side with the world's leading banks and financial institutions to help solve their core optimization needs. "We are thrilled for the continued support from strategic global banks, and we are excited to welcome Barclays and BNP on board and have J.P. Morgan reaffirm their commitment to Capitolis. It is also exciting to see a strong vote of confidence from our VC investors who participated in our Series D round and are strengthening their support even further," said Gil Mandelzis, CEO and Founder, Capitolis. "These investments will help us further accelerate our growth and expansion in the capital markets as we continue our strong business momentum." "We're pleased to support the ongoing development of innovative products by Capitolis, and this investment further cements the collaboration between our firms," said Kester Keating, Head of US Principal Investments at Barclays. "We're excited to support the growth of Capitolis and collaborate with its strong leadership team in developing innovative solutions that enable us to better serve our clients," said Junaid Baig, Head of Strategic Investments, BNP Paribas. "Capitolis continues to demonstrate innovation within financial markets and we are pleased to support them," said Matthew Franklin-Lyons, Global Head of Rates Trading, J.P. Morgan. "Capitolis is a great company, becoming greater with exciting products and strong leadership," said Gene Ludwig, Managing Partner, Canapi. "On behalf of my partners at Canapi, we are pleased to be a financial supporter of this exceptional company and management team." "Capitolis is an N-of-1 company building critical infrastructure for the capital markets industry," said Theo Osborne, Managing Partner, 9Yards Capital. "We are very excited to continue backing Gil and the team's vision to bring great efficiency to the backbone of our global economies." "Capitolis continues to deliver solutions that make capital markets safer and more efficient," said Shay Grinfeld, Managing Partner, Greenfield Partners. "We are thrilled to see what Gil and team have been able to accomplish to date and look forward to continuing to support Capitolis on its journey." To learn more about Capitolis, visit About Capitolis We believe the financial markets can and should work for everyone. Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks – and institutional investors alike. Capitolis is backed by world class venture capital firms, including Canapi Ventures, 9Yards Capital, SVB Capital, Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, Spark Capital, and S Capital, as well as leading global banks such as Barclays, BNP Paribas, Citi, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS. Founded in 2017, our team brings decades of experience in launching successful startups, technology, and financial services. Capitolis was recognized on the Inc. 2024 Best in Business list in the Financial Services and Innovation & Technology categories, and named World's Best FX Software Provider for the second straight year in the 2024 Euromoney Foreign Exchange Awards. The company has been included on CNBC's World's Top Fintech Companies lists for the past three years, Deloitte's Technology Fast 500 list in consecutive years and was named to Fast Company's prestigious annual list of The World's Most Innovative Companies for 2023. American Banker recognized Capitolis among the Best Places to Work in Fintech, and the company was named by Crain's New York Business as one of New York's Best Places to Work in 2024 for the third consecutive year. For more information, please visit our website at or follow us on LinkedIn. View source version on Contacts Edward RuddySloane & Company eruddy@ Brian ZilberfarbCapitolis brianz@
Business Wire
4 days ago
- Business
- Business Wire
Capitolis Announces Strategic Investments from Barclays, BNP Paribas, and J.P. Morgan, Alongside Existing VC Investors Canapi Ventures, 9Yards Capital, and Greenfield Partners
NEW YORK--(BUSINESS WIRE)-- Capitolis, the financial technology company, today announced additional strategic investments from leading global banks and venture capital firms. New bank investors Barclays and BNP Paribas join J.P. Morgan, an existing Capitolis investor, as well as Citi, Morgan Stanley, State Street, and UBS—all of which previously invested in this round. As part of this, venture capital firms Canapi Ventures, 9Yards Capital, and Greenfield Partners—investors in Capitolis' Series D in 2022 —have also increased their investments in the company. These new investments mark the close of this round of funding, bringing the total raised to $56 million. Capitolis continues to experience strong business momentum and expansion, and the company will use these additional funds to accelerate that growth within each of its Capital Marketplace and Portfolio Optimization businesses. Viewed as a strategic partner to the financial industry, Capitolis works side by side with the world's leading banks and financial institutions to help solve their core optimization needs. 'We are thrilled for the continued support from strategic global banks, and we are excited to welcome Barclays and BNP on board and have J.P. Morgan reaffirm their commitment to Capitolis. It is also exciting to see a strong vote of confidence from our VC investors who participated in our Series D round and are strengthening their support even further,' said Gil Mandelzis, CEO and Founder, Capitolis. 'These investments will help us further accelerate our growth and expansion in the capital markets as we continue our strong business momentum.' 'We're pleased to support the ongoing development of innovative products by Capitolis, and this investment further cements the collaboration between our firms,' said Kester Keating, Head of US Principal Investments at Barclays. 'We're excited to support the growth of Capitolis and collaborate with its strong leadership team in developing innovative solutions that enable us to better serve our clients,' said Junaid Baig, Head of Strategic Investments, BNP Paribas. 'Capitolis continues to demonstrate innovation within financial markets and we are pleased to support them,' said Matthew Franklin-Lyons, Global Head of Rates Trading, J.P. Morgan. 'Capitolis is a great company, becoming greater with exciting products and strong leadership,' said Gene Ludwig, Managing Partner, Canapi. 'On behalf of my partners at Canapi, we are pleased to be a financial supporter of this exceptional company and management team.' "Capitolis is an N-of-1 company building critical infrastructure for the capital markets industry,' said Theo Osborne, Managing Partner, 9Yards Capital. 'We are very excited to continue backing Gil and the team's vision to bring great efficiency to the backbone of our global economies." 'Capitolis continues to deliver solutions that make capital markets safer and more efficient,' said Shay Grinfeld, Managing Partner, Greenfield Partners. 'We are thrilled to see what Gil and team have been able to accomplish to date and look forward to continuing to support Capitolis on its journey.' To learn more about Capitolis, visit About Capitolis We believe the financial markets can and should work for everyone. Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks – and institutional investors alike. Capitolis is backed by world class venture capital firms, including Canapi Ventures, 9Yards Capital, SVB Capital, Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, Spark Capital, and S Capital, as well as leading global banks such as Barclays, BNP Paribas, Citi, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS. Founded in 2017, our team brings decades of experience in launching successful startups, technology, and financial services. Capitolis was recognized on the Inc. 2024 Best in Business list in the Financial Services and Innovation & Technology categories, and named World's Best FX Software Provider for the second straight year in the 2024 Euromoney Foreign Exchange Awards. The company has been included on CNBC's World's Top Fintech Companies lists for the past three years, Deloitte's Technology Fast 500 list in consecutive years and was named to Fast Company's prestigious annual list of The World's Most Innovative Companies for 2023. American Banker recognized Capitolis among the Best Places to Work in Fintech, and the company was named by Crain's New York Business as one of New York's Best Places to Work in 2024 for the third consecutive year. For more information, please visit our website at or follow us on LinkedIn.
Business Wire
16-07-2025
- Business
- Business Wire
Capitolis Named to the CNBC World's Top Fintech Companies 2025 List
NEW YORK--(BUSINESS WIRE)-- Capitolis, the financial technology company, has been named to CNBC's World's Top Fintech Companies 2025 list for the third consecutive year. Presented in partnership with independent research firm Statista, the annual list recognizes fintechs developing the most innovative, technology-based financial products and services across a variety of market categories. The World's Top Fintech Companies list is based on the analysis of key performance indicators for more than 2,000 eligible companies as well as in-depth research into relevant KPIs using publicly available sources such as annual reports, company websites, and media monitoring, according to CNBC. 'Capitolis has partnered closely with the industry to build innovative technology solutions that promote the safety and vitality of the financial markets,' said Gil Mandelzis, CEO & Founder of Capitolis. 'We have seen tremendous growth because of this, and we are honored to be recognized on CNBC's World's Top Fintech Companies list for the third consecutive year. This is a testament to the amazing Capitolis team who work day in and day out to deliver for our customers and the industry.' Recently, Capitolis has experienced strong business momentum and expansion. The fintech has launched a variety of new solutions and significantly grown the network of market participants leveraging its platform over the past year. The company received new strategic investments from leading global banks – including Barclays, Citi, Morgan Stanley, State Street, and UBS – underscoring the industry's confidence in Capitolis' solutions, and welcomed financial services and fintech veteran, Amol Naik, as Chief Operating Officer. In December 2024, Capitolis announced its acquisition of Capitalab from the BGC Group. The addition of Capitalab, a leader in the Rates Portfolio Compression and Margin Optimization space, expands the Capitolis suite of solutions and paves the way for further innovation to meet evolving client needs. To learn more about Capitolis, visit About Capitolis We believe the financial markets can and should work for everyone. Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks – and institutional investors alike. Capitolis is backed by world class venture capital firms, including Canapi Ventures, 9Yards Capital, SVB Capital, Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, Spark Capital, and S Capital, as well as leading global banks such as Barclays, Citi, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS. Founded in 2017, our team brings decades of experience in launching successful startups, technology, and financial services. Capitolis was recognized on the Inc. 2024 Best in Business list in the Financial Services and Innovation & Technology categories, and named World's Best FX Software Provider for the second straight year in the 2024 Euromoney Foreign Exchange Awards. The company has been included on each of CNBC's World's Top Fintech Companies 2024 list and Deloitte's 2024 Technology Fast 500 list in consecutive years and was named to Fast Company's prestigious annual list of The World's Most Innovative Companies for 2023. American Banker recognized Capitolis among the Best Places to Work in Fintech, and the company was named by Crain's New York Business as one of New York's Best Places to Work in 2024 for the third consecutive year. For more information, please visit our website at or follow us on LinkedIn.
Business Wire
10-07-2025
- Business
- Business Wire
Capitolis Successfully Completes USD Swaptions LIBOR Transition to SOFR
NEW YORK--(BUSINESS WIRE)-- Capitolis, the financial technology company, announced today that it has successfully completed its run of multilateral exercises to transition legacy USD LIBOR-referenced swaptions to vanilla SOFR replacements for 17 global dealers. Through nine live executions, Capitolis, and Capitalab prior to its acquisition by Capitolis last year, facilitated the multilateral switching of over 17,000 legacy LIBOR swaptions across their dealer network. As a result, participants have eliminated the significant operational burden of expiry management associated with legacy LIBOR swaptions. Issues with pricing legacy USD LIBOR swaptions first became prominent in 2020, when major clearinghouses transitioned from Fed Funds to SOFR discounting for USD swaps. This led to bifurcation in the USD swaption market, introducing complexity and increased time demands for rates volatility desks. More recently, a major clearinghouse ceased support for clearing exercised legacy LIBOR swaptions on June 30, 2025, further increasing operational complexity for market participants. In response to client concerns about their remaining LIBOR swaption inventory, Capitalab (now Capitolis) worked closely with the dealer community to design and deliver a scalable solution. Within just two months, it launched a proof-of-concept run with nine dealers. Since then, nine successful multilateral runs have been completed, collectively transitioning over 17,000 trades. Participants are now left with a cleaner, simpler book of vanilla SOFR swaptions, significantly reducing complexity and ongoing operational risk. 'This initiative demonstrates the strength of collaboration across the industry and the power of innovation to solve real-world problems,' said Gavin Jackson, Co-Head of Portfolio Optimization, Capitolis. 'The successful transition of such a large volume of trades reflects the trust our clients place in Capitolis as well as their commitment to progress and willingness to work with us to achieve it. We're incredibly grateful for their support, engagement, and partnership to deliver this important solution at scale.' 'We're happy to have participated in this industry-wide effort led by Capitolis,' said Yashodeep Honmane, Head of US Rates Options, Barclays. 'Their multilateral solution delivered immediate operational relief, streamlined our swaptions portfolio ahead of the June 2025 clearinghouse cut-off, and drove meaningful efficiency gains. The process was collaborative, risk-reducing, and a clear demonstration of Capitolis' leadership in this space.' Most market participants now have few LIBOR swaptions remaining. Capitolis is prepared to run ad-hoc cycles based on additional demand. About Capitolis We believe the financial markets can and should work for everyone. Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks – and institutional investors alike. Capitolis is backed by world class venture capital firms, including Canapi Ventures, 9Yards Capital, SVB Capital, Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, Spark Capital, and S Capital, as well as leading global banks such as Barclays, Citi, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS. Founded in 2017, our team brings decades of experience in launching successful startups, technology, and financial services. Capitolis was recognized on the Inc. 2024 Best in Business list in the Financial Services and Innovation & Technology categories, and named World's Best FX Software Provider for the second straight year in the 2024 Euromoney Foreign Exchange Awards. The company has been included on each of CNBC's World's Top Fintech Companies 2024 list and Deloitte's 2024 Technology Fast 500 list in consecutive years and was named to Fast Company's prestigious annual list of The World's Most Innovative Companies for 2023. American Banker recognized Capitolis among the Best Places to Work in Fintech, and the company was named by Crain's New York Business as one of New York's Best Places to Work in 2024 for the third consecutive year. For more information, please visit our website at or follow us on LinkedIn.
