CapStack, a startup that is aiming to create an integrated operating system for banks, has raised $6 million.
CapStack was launched in March by Michal Cieplinksi, co-founder of alternative financing startup Pipe, and Tzvika Perelmuter. The plan is to serve as a bank-to-bank marketplace, giving banks a way to buy and sells deposits and loans.
The startup plans to “build the largest financial services infrastructure company,” Cieplinkski tweeted. “Today we start building the first integrated operating system for the banking industry, enabling seamless cooperation between banks.”
More than 60 banks have agreed to join the platform, Cieplinski, also a former executive at LendingClub, told TechCrunch. Beta testing could begin as early as the fourth quarter.
Fin Capital led the fundraising round, which included Alloy Labs, Cambrian Ventures, Cowboy Ventures, Future Perfect Ventures, Gaingels, Selah Ventures, Uncorrelated Ventures and Valor Equity Partners.