Search Results for: Citi

Colombian Cross-Border Payments Fintech Supra Receives Investment from Citi and Others

Citi (NYSE: C) has led a strategic investment round in Supra. Far Out Ventures and H20 Capital also participated in the financing round. Supra is a Colombian fintech that “enables cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) that participate in import… Read More

Real Estate Investments: Molo Finance Research Uncovers Major UK Cities to Invest in Buy-to-Let Properties

From cafes and restaurants to the aesthetic of the properties, there are a lot of factors to consider when choosing a city to purchase a buy-to-let property, according to an update from UK’s Molo Finance. Nowadays, a locationā€™s social media presence is also “becoming an… Read More

Citi and Traydstream to Provide Access to Automated Trade-Document Processing Capability

Citi (NYSE: C) has announced it will collaborate with Traydstream, a provider of innovative trade documentation solutions to “provide clients with access to a cutting edge and automated trade-document processing capability.” The collaboration provides clients “with an opportunity to leverage a vast array of pre-loaded… Read More

Citi Finalizes Sale of Indonesia Consumer Banking to UOB

Citi (NYSE: C) announced it has successfully completed the sale and full migration of its Indonesia consumer businesses to UOB Indonesia (UOBI). The sale includes retail banking, credit card, and unsecured lending businesses, “as well as the transfer of employees.” Citi and UOB first announced… Read More

Defacto, the Embedded B2B Lending Platform, Secures Additional ā‚¬10M from Citi Ventures, Others

Defacto, the instant, embedded B2B lending platform, has raised an additional ā‚¬10 million from new investor Citi Ventures and existing investors Northzone, Headline and Global Founders Capital to bolster its Series A funding. This investment will be used “to transform Defactoā€™s instant lending platform into… Read More

Analytics Platform Prism Data Raises Funding from Obvious Ventures, Citi Impact Fund, Others

Prism Data, a cash flow underwriting and data analytics platform, announced today that it has raised $5 million in seed funding. This investment round was reportedly “led by Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.” Prism’s new funding follows “a… Read More

Citi, Navan Launch Travel, Expense System for Commercial Bank Clients

Citi and Navan, a modern travel and expense management solution, announced the launch of a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders. The strategic agreement, which “combines Navanā€™s all-in-one solution and Citi’s leading commercial card solutions, leverages the… Read More

Citi Now Connected to Versana Digital Data Platform, Enabling Syndicated Loans in Real-Time

Versana announced that founding investor Citi (NYSE: C) is now connected to its transformative digital data platform, “enabling syndicated loans agented by Citi to be available to Versana’s growing subscriber base in real-time.” Citi joins Versana’s other three founding investors ā€“ Bank of America, Credit… Read More

World: Bosnian Banks to Bolster ESG Capacities with IFC Partnership

A landmark cooperation agreement has been forged between the International Finance Corporation (IFC) and the Banking Association of Bosnia and Herzegovina (UBBiH). This collaboration is set to strengthen the environmental, social, and corporate governance (ESG) capabilities of Bosnia and Herzegovina’s banking industry. The alliance strives… Read More

Citi Securities Services to Become Digital Custodian on BondbloX Bond Exchange

Citi Securities Services announced that it has become the first digital custodian participant of BondbloX Bond Exchange (BBX), the fractional bond exchange using the latest in distributed ledger technology. BBX was launched in 2020 to simplify bond investing by “allowing investors to track and trade… Read More

Citi Selects Foro Holdings to Scale Bridge Built by Citi Platform via Strategic Acquisition

Citi (NYSE: C) announced the acquisition of its Bridge built by CitiĀ® platform (ā€œBridgeā€) by Foro Holdings, Inc. (Foro), a Charlotte-based commercial lending services provider. As part of the transaction, Citi contributed Bridge to Foro and “joined Foroā€™s investors, including TTV Capital (TTV), US Bank… Read More

Latin America: Citi Makes Strategic Investment in Rextie, Peruā€™s Fintech for FX Services

Citi (NYSE: C), which claims to be a global leader in foreign exchange (FX) markets, has made a strategic investment in Rextie, Peruā€™s fintech for FX services. The investment makes Rextie Latin Americaā€™s first FX fintech “to receive an investment from one of the largest… Read More

Fintech Nymbus, Citizens Bank of Edmond Introduce Roger, a Digital-First Bank

Veteran-led Citizens Bank of Edmond publicly launched Roger, the only digital-first bank tailored to service members, “under the leadership of President and CEO Jill Castilla.” Established in 1901 with $375 million in assets, Citizens Bank of Edmond is renowned “for its community-focused banking and lending… Read More

Citi Introduces Electronic Trade Loan Facilities for US Citi Commercial Bank Clients

Citi (NYSE: C) has launched its Trade and Working Capital eLoans solution for its U.S. CCB clients. The solution is designed to help clients “meet their current and projected working capital needs through loan advances via Citiā€™s easy to use and secure eLoans platform.” The… Read More

Citi Commercial Bank Introduces Digital Client Platform

Citi (NYSE: C) has announced the launch of a new platform, CitiDirect Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients. This is part of Citiā€™s significant strategic investment plan “to meet the growing global needs of these clients by delivering… Read More

Brookings Institution Says Crypto Firms Concentrating in “Superstar” Cities, Discusses Boom-Bust Market

The Brookings Institution, a middle-of-the-road Democrat think tank, has posted a review on crypto-based jobs and startup activity, noting that crypto startups are just as volatile as crypto in general. The report is predicated on the belief that local officials need to embrace tech innovation… Read More

European SME Financing: Silvr Signs Securitized Facility of Up to ā‚¬200M with Citi, Channel

Founded in 2020, Silvr‘s mission is to make financing more accessible to SMEs. Silvr claims that it has rapidly become a European leader in short-term lending due “to its technology and innovative data processing tools.” This new securitized facility will “increase Silvr’s financing capacity., which… Read More

Robinhood Lays Off 150 Workers, Citing Challenging Macroeconomic Conditions, Other Issues

Robinhood

Stock trading app provider Robinhood (NASDAQ:HOOD) has reportedly laid off another 7% of its workforce, around 150 workers. This, according to a recent update from the WSJ. With trading volumes declining considerably over the past year, the Fintech company made the cuts in order to… Read More

MPOWER Financing Introduces Non-Profit Unit to Expand Scholarships to Global Citizens

MPOWER Financing, a mission-driven Fintech firm and a leading provider of scholarships and no-cosigner loans to promising students from around the world, has announced the launch of the Global Citizens Fund, a 501(c)(3) nonprofit scholarship fund designed to support refugee, DACA, and international students more… Read More

Citi TTS Selects Pismo to Enhance Demand Deposit Account Solutions

Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide. Citi TTS continues “to migrate its… Read More

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