Peruvian FinTech Rextie receives strategic investment from Citi

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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.

Read More: Citi makes strategic investment in Peruvian FinTech Rextie

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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