CapStack, the first integrated operating system for banks, announced it has emerged from stealth backed by $6 million in pre-seed funding. The round was oversubscribed and led by Fin Capital with participation from Alloy Labs, Rex Salisbury’s Cambrian Ventures, Cowboy Ventures, Future Perfect Ventures, Gaingels, Selah Ventures, Uncorrelated Ventures, and Valor Equity Partners.
Founded by Michal Cieplinski, CapStack is building the platform to address key gaps around loan and deposit exposure, portfolio diversity, and profitability for banks. The company’s pioneering approach to bank-to-bank connectivity will have far-reaching implications for risk management––especially during a critical time when stability and confidence in the banking sector are paramount.
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“CapStack is the first integrated operating system for banks enabling cooperation across banks and other financial services institutions in order to drive profitability and asset diversification,” said Jillian Williams at Cowboy Ventures. “It’s the solution banks have been waiting for and we are excited to be supporting Michal and his team in this endeavor.”
“This is a significant milestone for CapStack and the banking industry as a whole,” said Michal Cieplinski, Founder and CEO of CapStack. Cieplinski brings more than two decades of operating and legal experience in financial technology to CapStack. Prior to CapStack, he co-founded Pipe, a global trading platform for recurring revenue streams, was Senior Vice President at Lending Club, the largest publicly-traded fintech lender, and a co-founder of Fundbox, a B2B fintech lender.
With CapStack, Cieplinski brings together a premier team including Tzvika Perelmuter, CapStack’s Co-Founder, as Chief Technology Officer, and former R&D Team Leader at Fundbox. Cieplinski added, “our innovative platform will transform the way banks collaborate and manage risks, ultimately improving efficiency and instilling confidence in the banking infrastructure.”
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Rex Salisbury, Founder and General Partner at Cambrian Ventures added, “CapStack’s platform is needed now more than ever as small and mid-sized banks can continue to own the relationships they’ve built over decades with their customers, while rebalancing exposure to specific asset classes and geographies on the backend to build more resilient balance sheets. Michal and his colleagues are a great team to tackle this problem having worked together for years at Fundbox. Michal’s experience building marketplaces with deep bank partnerships at both Lending Club and Pipe provides a strong foundation for CapStack.”
“CapStack has the opportunity to dramatically improve solutions for bank risk management at a critical time for the stability of our country’s banking infrastructure,” said Logan Allin, Founder and Managing Partner at Fin Capital, who has joined CapStack’s board. “Banks still rely on legacy technology for managing risks around their balance sheets, and to restore confidence for consumers, commercial customers, regulators, and other stakeholders, they absolutely need an upgrade. We are thrilled to back Michal again as a repeat founder from within our portfolio and the talented team at CapStack.”
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