Peruvian FinTech Rextie receives strategic investment from Citi

Date:

Share post:

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Why is Sustainable FinTech Critical Today

FinTech offers robust convenience and security for financial transactions. But now, many customers are more keen on the...

Inswitch Partners with n1co Technologies To Improve Financial Inclusion In El Salvador

Inswitch, a global company in embedded finance technology, has partnered with n1co Technologies, a fintech company from El...

Billtrust Expands Partnership With Visa To Support Business Payments Network

Billtrust, a company in helping businesses manage orders and payments, has expanded its partnership with Visa. Together, they...

Open Payment Technologies Ltd Launches New Digital Wallet App “Kuady”

Open Payment Technologies Ltd is announcing the launch of its digital wallet app "Kuady". Kuady is designed to...