US fintech start-up CapitalOS emerges from stealth with $39m in equity and debt financing
San Francisco-based fintech CapitalOS, which provides spend management infrastructure for B2B platforms, has launched from stealth backed by $9 million in equity funding and $30 million in debt financing.
CapitalOS launches from stealth with $39m in equity and debt financing
The equity round was led by Group 11 with participation from Upper90, Vera Equity, Slow Ventures and angel investors from other fintech companies.
Founded by former employees of Microsoft, Stripe, Lyft and Tipalti in 2022, CapitalOS says its software enables B2B platforms serving small businesses to avoid the expensive and time-consuming in-house development of spend management solutions.
Once integrated, CapitalOS claims its tech handles the entire user journey, from onboarding to ongoing card management. It adds that companies can benefit from increased user retention and open up access to business spend data to manage their expenses more effectively.
“Managing expenses is crucial for small businesses, yet many struggle to manage expenses without necessary resources, resulting in wasted time and money,” says Nir Dremer, co-founder and CEO of CapitalOS.
“We designed a solution that requires just one API call, and eliminates the burden on platforms to handle compliance, risk, underwriting and capital.”
With the fresh funding, the start-up plans to scale its business and grow its network of software platform partners. Currently, CapitalOS claims it is available to “thousands of businesses” through platforms such as Intuit QuickBooks, Workiz and Roll Credits.
