Remote payroll startup Deel has acquired fintech Capbase for an undisclosed amount in a cash and stock deal, the companies have told TechCrunch exclusively.
As its name suggests, San Francisco-based Capbase claims it can update a company’s cap table in real time as it issues shares, signs contracts and raise money from investors. It then uses that data to build API integrations that can be used to set up bank accounts, payroll and business insurance. Greg Miaskiewicz and Stefan Nagey founded the company in 2018, and raised a total of about $6 million in venture capital from firms such as Better Tomorrow Ventures, Clocktower Technology Ventures, Great Oaks Venture Capital, Village Global as well as a number of angel investors.
“We tried to make it simpler to start a company, raise money and issue equity,” CEO Miaskiewicz
