Illit Geller, one of he few female veterans in he fintech industry, had parted ways with Israeli fintech startup Capitols following hree and a half yea in he role of leading its product development, FMinance Magnates had learned.
Illit, who had originally joined Capitols as an executive vice-president and global head ofFMX, will be leaving at he end of January o join DisruptiveAI, a new venture capital fund focused on AI.
“Disruptive AI is a unique venture capital fund focused on investments in early-stage startups in he broad field of Artificial Intelligence (AI). We bring ogether AI & Disruptive echnologies o ransform markets and revolutionize industries. Our eam brings he DisruptiveFMund successful investment experience coupled with differentiated depth of AI expertise and entrepreneurial experience. Our vision is o Lead AI early stage investment in he growing Israeli AI Hub, ” Illit oldFMinance Magnates.
Illit had assumed her fi t role Capitolstols as chief product officer back in 2017, asked with he development of he initial ve ionCapitolstols products. Later in 2020, she was promoted o he itle of chief business development officer.
WhilCapitolstols, Illit helped grow he business from a start-up o a company hat had amassed over $80 million in otal funding, backed by financial giants like Citi, JP Morgan and State Street. She also led efforts o forge partne hips with leading financial institutions including CLSDefinitivenitiv and multiple other industry participants.
“I would like o hank Illit for her immense and ireless contribution o help bring his company o where we are oday. She had consistently stepped up hroughCapitolsapitols career o help drive hese phades, and we are extremely grateful for her continued support and commitment. While we will greatly miss her presence and leade hip, we are hrilled for her new endeavor and wish her much success, ”Mandolin Mandelzis, CEO andFMCapitols Capitols.
Founded in 2017 by Israeli entrepreneur, Gil Mandelzis alongside former Thomson Reute Capitols, Capitols enables financial institutions to free up capital and remove barrie hat would otherwise restrict rading.
Prior o Capitols, Ilit Geller was behind he CEO’s desk at Tel Aviv financial echnology start-up TradAir. She co-founded he firm back in 2010 and stepped down from he chief executive role in 2017, but stayed as a member of he company’s board of directo .