Tagged: citi

December 19, 2022 @ 8:25 am By Omar Faridi  |  

Acin, the global operational risk control data network, announced it has closed $24 million in Series B funding from a strategic consortium of banks, “comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.” The investment round was also “supported by existing investors… Read More

October 27, 2022 @ 7:00 pm By Omar Faridi  |  

Wildfire Systems Inc., a Fintech platform that powers white-label reward programs and shopping companions, announced that it has secured a strategic investment from Citi Ventures. The funding will “support Wildfire’s technological innovation and continued ability to deploy new features that will drive rewarding online shopping… Read More

October 26, 2022 @ 8:02 pm By Omar Faridi  |  

Spring by Citi, Citi’s (NYSE: C) digital payments service enabling eCommerce and B2B funds flows launched in the U.S. in 2020, has now been fully “integrated with Citi Present and Pay, Citi’s electronic bill presentment platform.” The combined solution “offers comprehensive digital payment acceptance and… Read More

October 11, 2022 @ 10:39 pm By Omar Faridi  |  

Citi Treasury and Trade Solutions announced its intent to launch “24/7 Clearing” as a service to its financial institution clients, “beginning with 24/7 USD Clearing in Q4 2022.” This new service is “designed to enable Citi’s clients to make USD payments across Citi’s 1,500 financial… Read More

October 8, 2022 @ 8:03 pm By Omar Faridi  |  

Wall Street and Silicon Valley are coming together “to build digital asset management solutions focused on connecting institutional investors to the crypto ecosystem.” Earlier this year, former HSBC trader Ashutosh Goel and former Meta Asia executive Supreet Kaur paired up to build xalts, an investment… Read More

September 20, 2022 @ 5:50 pm By JD Alois  |  

As was previously announced the House Financial Services Committee will be holding a hearing tomorrow (September 21st) entitled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.”  The largest banks in the US will each have CEOs participating in the hearing, including: Jamie Dimon,… Read More

August 25, 2022 @ 8:43 am By Omar Faridi  |  

Citi Ventures has become the latest major company to invest in Mexico City’s open finance API platform Belvo. Citi Ventures has reportedly joined Visa as an investor in Belvo, which finalized a $43 million Series A investment round back in June 2021. The investment also… Read More

July 28, 2022 @ 7:56 am By Omar Faridi  |  

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced $20 million in new investments from Bank of America, BNY Mellon and Citi. These strategic investments “follow the firm’s $200 million Series C funding announced in February.” Stephen Murphy, CEO of Genesis,… Read More

July 15, 2022 @ 8:02 am By Omar Faridi  |  

Illuminate Financial, the “thesis-driven” venture capital investor dedicated to early-stage FinTech and enterprise software companies, recently announced a strategic relationship with Citi (NYSE: C). Citi joins existing investors Jefferies, J.P. Morgan, Deutsche Börse Group and S&P Global “as a limited partner in Illuminate Financial’s venture… Read More

July 1, 2022 @ 11:25 am By JD Alois  |  

Yesterday, Celsius Network, a large crypto lender and yield platform that abruptly halted all withdrawals recently, posted an update of sorts. While disclosing very little, Celsius shared the following comment on its blog: “Across Celsius today, we are focused and working as quickly as we… Read More

June 23, 2022 @ 8:02 am By Omar Faridi  |  

Citi (NYSE: C) announced that it has selected METACO to develop and pilot digital asset custody capabilities. This collaboration “brings together METACO’s technology and digital solutions with Citi’s expansive custody network to develop a platform to enable clients to store and settle digital assets seamlessly… Read More

June 10, 2022 @ 7:56 am By Omar Faridi  |  

LiquidX, the global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets, announced a strategic investment from Citi (NYSE: C), one of the largest trade finance banks. The funding round was “led by Broadridge, LiquidX’s largest strategic investor.”… Read More

June 2, 2022 @ 9:57 pm By Omar Faridi  |  

Arteria AI, a global “leader” in enterprise digital documentation, has announced it has received strategic investments from Citi SPRINT (Spread Products Investment Technologies), the strategic investing arm of the bank’s Global Spread Products division, and BDC Capital. Arteria’s software has been “deployed at numerous top-tier… Read More

May 18, 2022 @ 5:47 pm By Omar Faridi  |  

Global white-labeled BNPL facilitator, Jifiti recently announced that David Chubak, former CEO of Citi Retail Banking in the US, has joined the firm’s Board of Directors. Chubak is one of the nation’s “most senior” retail bankers, having overseen Citi’s retail division that “operated 78 million… Read More

May 11, 2022 @ 3:52 pm By JD Alois  |  

Crowdz, an invoice financing platform for SMEs, has raised $25.5 million in funding led by Citi and Global Cleantech Capital. Existing investors Bold Capital Partners, TFX Ventures, and Augment Ventures also participated. Crowdz is an alternative financing solution for SMEs that frequently struggle to obtain… Read More

May 5, 2022 @ 7:52 am By Omar Faridi  |  

Citi (NYSE: C) has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, “further increasing the bank’s global Instant Payments offering.” The launch will provide clients with the ability “to pay to and receive from 36 SEPA countries instantly.” The offering… Read More

April 23, 2022 @ 10:51 am By Omar Faridi  |  

FundGuard, the AI-enhanced SaaS investment management and asset servicing enterprise platform, recently announced that it has finalized a $40 million Series B funding round. The investment round included investors Citi and State Street Corp, who “joined initial investors Blumberg Capital, LionBird Ventures, Team8 Capital, and… Read More

April 22, 2022 @ 5:07 am By Omar Faridi  |  

Citi’s Treasury and Trade Solutions (TTS) have announced that they are entering into an agreement with international payment processor EBANX in order to offer an end-to-end digital collection solution (eCommerce) “for Citi’s institutional clients in Latin America.” Citi’s clients will be able “to accept more… Read More

March 15, 2022 @ 4:12 pm By Omar Faridi  |  

Building on its established history of innovation in cash management, Citi’s Treasury and Trade Solutions recently announced the launch of a solution to enable institutional customers (Corporate, Public Sector, and Financial Institution) with U.S. accounts to “sweep cash into demand deposit accounts at participating U.S…. Read More

March 9, 2022 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced that Citi Commercial Cards (NYSE:C) has selected its tokenization-as-a-service offering to facilitate the provisioning of cards into mobile wallets. Marqeta is a digital/physical card issuing platform that integrates with digital wallets enabling additional features and services. In recent years, virtual… Read More