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Capitolis
Fintech
Capitolis is a New York-based fintech company that provides technology and network-based services intended to facilitate risk reallocation, portfolio optimization, and certain exposure-management transactions among financial institutions.”
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Capitolis was founded in 2017 by Gil Mandelzis, a fintech entrepreneur with prior experience building and selling financial markets infrastructure companies, based on the observation that large banks face significant regulatory capital requirements tied to the size and risk of their balance sheets, particularly around derivatives and other complex financial exposures, and that much of this regulatory capital burden could be reduced through more efficient management and "compression" of offsetting or redundant financial exposures across the broader network of banks and their trading counterparties, without requiring any single bank to reduce its actual client-facing business activity. Capitolis's platform provides technology and a network connecting multiple banks and financial institutions that lets them identify opportunities to restructure, net, or transfer overlapping financial exposures, such as offsetting foreign exchange or securities financing positions held with the same or related counterparties, in ways that reduce the aggregate balance sheet size and regulatory capital required across the network, while preserving each institution's underlying client relationships and business activity. This kind of balance sheet optimization has become increasingly valuable to large banks following the significantly stricter capital requirements imposed on the banking industry after the 2008 financial crisis, since regulatory capital is a scarce and expensive resource for banks, and reducing the amount of capital tied up in a given book of business, without reducing client-facing revenue, directly improves a bank's profitability and capacity to serve clients. The company has focused particularly on areas such as foreign exchange prime brokerage and securities financing, where balance sheet efficiency has become an important competitive factor among large banks. Capitolis has raised substantial venture funding from investors including Andreessen Horowitz, Sequoia Capital, and a number of major global banks that are also users of its network, reaching a valuation exceeding a billion dollars.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
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