Regulatory Compliance Startup Cappitech Raises $4 Million
The Israel-based startup provides automated regulatory reporting technology for the financial services industry
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Following the investment, Markit co-founder Rony Grushka will join Cappitech's board of directors.
The company intends to use the funding for product development, and to hire additional marketing and sales personnel, with a focus on Europe."It will enable us to extend our global reach and add even more functionality to our platform," said Cappitech CEO Ronen Kertis in a statement.