Israeli fintech company Capitolis announced Monday it has secured US$20 million in new strategic investments from four global banks.

The funding includes contributions from existing investors Citi and State Street, along with new participants Morgan Stanley and UBS, each contributing US$5 million.

Founded in 2017, Capitolis provides a software-as-a-service (SaaS) platform aimed at optimizing financial resources for capital markets.

The platform assists financial institutions in managing capital more efficiently while complying with evolving regulations.

To date, the company has raised about US$300 million. It employs 130 people across Israel and the United States.