Tagged: citi

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

February 17, 2022 @ 12:52 am By Omar Faridi  |  

Sharegain, a capital markets infrastructure Fintech, has raised $64 million in a Series B round that was led by WestCap and also joined by Citi, EJF Capital LLC and Optiver PSI. Participating existing investors reportedly include Maverick Ventures Israel, Blumberg Capital, SixThirty, Rhodium, and the… Read More

February 16, 2022 @ 6:15 pm By Omar Faridi  |  

Citi is a long-time partner of SIMON, both as a leading issuer of structured investments and via its wealth management division whose financial professionals use the investment platform. In alignment with the focus of both firms, this announcement underscores Citi‘s (NYSE: C) commitment to innovative… Read More

January 27, 2022 @ 9:39 am By Omar Faridi  |  

  Citi (NYSE: C) has announced its intent to transform its London head offices, home to its UK and EMEA operations. The refurbishment of the Citi Tower in Canary Wharf will create a new workplace for the future, incorporating the latest tech and the “highest… Read More

November 22, 2021 @ 10:37 pm By JD Alois  |  

Global bank Citi (NYSE:C) is going on a crypto hiring spree, according to a report by Bloomberg. Citi is said to be hiring 100 people to support its emerging digital asset business that caters to institutional investors. Puneet Singhvi is said to have been appointed… Read More

November 2, 2021 @ 1:59 pm By Omar Faridi  |  

US investment bank Citi (NYSE: C) has introduced its first sustainability-linked supply chain finance (SSCF) program in the Asia-Pacific region. Via the SCCF program, Citi intends to support customers as they work on their ESG priorities, enhance supply chain resilience, and effectively manage working capital… Read More

October 11, 2021 @ 10:42 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Citi (NYSE: C) have formed a new partnership in order to support local residents and small businesses via greater public-private sector collaboration. Through City Possible, Mastercard’s partnership and co-creation framework for cities, the two international firms will aim to “bring their… Read More

October 4, 2021 @ 8:49 am By Omar Faridi  |  

ThinCats, a UK-based lending platform, will be providing up to £300 million additional funding to businesses via the British Business Bank‘s ENABLE Guarantee program. The ThinCats team wrote in a blog post that they’re pleased to be utilizing a guarantee offered by the British Business… Read More

July 20, 2021 @ 2:01 pm By JD Alois  |  

Nasdaq has joined with several large banks to create Nasdaq Private Market, an independent company that will facilitate secondary trading in private securities. As the market for initial public offerings has slowed, largely due to the excessive cost and compliance demands, more and more companies… Read More

April 16, 2021 @ 8:45 am By Omar Faridi  |  

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

April 8, 2021 @ 10:17 pm By Samantha Hurst  |  

  Inter-American Development Bank (IDB) announced on Thursday it has teamed up with CITI Innovation Labs to create cross-border payments from the U.S. to countries in Latin America and the Caribbean using blockchain and tokenized money. According to IDB, The LACChain Blockchain Network-enabled several disbursements… Read More

April 8, 2021 @ 7:53 am By JD Alois  |  

auxmoney, a marketplace lender based in Germany, has received €250 million for loans from Citigroup and Chenavari Investment Managers. Chenavari is a credit-focussed asset manager with core expertise in European markets. auxmoney reports that it is now co-investing for the first time alongside partners as… Read More

March 31, 2021 @ 7:53 am By Omar Faridi  |  

Capitolis, an established software-as-a-service or SaaS platform that aims to promote financial resource “optimization” for capital markets, has revealed that it finalized a $90 million Series C funding round that was led by Andreessen Horowitz or a16z, a Silicon Valley VC firm that regularly backs… Read More

March 24, 2021 @ 10:02 am By Samantha Hurst  |  

  Citi announced on Tuesday it has teamed up with fintech firm Sharegain to launch an automated securities lending solution specifically for wealth managers. Citi reported that through the solution, wealth managers may deliver a securities lending program to their customers, giving them the opportunity to earn… Read More

March 8, 2021 @ 3:32 pm By Samantha Hurst  |  

  Citi announced on Monday the launch of a new service for its institutional clients that speeds up the processing of their cross-border payments through the digitization of supporting documents. Citi reported the service, which is being rolled out initially in South Africa, is claimed… Read More