CapStack, a start up in the fintech industry, has announced that it has raised USD 6 million in pre-Seed capital. The firm is creating an integrated operating system for banks that will allow them to see each other’s portfolios.
It seeks to make financial institution cooperation easier. The operating system for banks is designed to give them access to one another’s portfolios, encourage cooperation, and enable asset diversification and increased profitability.
The platform will now include more than 60 different banks in the United States, claims the business. Six persons make up the current CapStack team, with Cieplinski stationed in the United States and Perelmuter leading the R&D team in Israel.