Citi Bank, FX Services, Foreign exchange, FinTech, Rextie, Latin America, PeruOne of Peru’s FinTechs for FX services, Rextie, has received strategic funding from Citi, a leader in the foreign exchange (FX) markets.
The investment includes the integration of Citi’s FX technology into Rextie’s currency exchange services. Clients of Rextie will have access to a service that stands out for its automation, real-time payments, increased liquidity, and very affordable rates through CitiFX Pulse and Instant Payments. Rextie’s CEO and co-founder, Mateu Batle, stated: “Going forward, Rextie will focus its efforts on attracting more small and medium-sized businesses, including customers involved in import and export activities.”
The funding came from Citi’s Institutional Strategic Investments (ISI) division, which makes global investments in forward-thinking FinTech businesses that are strategically compatible with Citi’s institutional businesses.