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NEW YORK : Citigroup has acquired a stake in Peruvian foreign exchange startup Rextie, its first fintech investment in Latin America.Terms of the deal were not disclosed, but Citi and Rextie executives said the bank is injecting cash into the company to finance its growth. Rextie, founded in 2016, has clo
Rextie aims to grow in SME support, leveraging Citi's backing for expanded influence in international trade.
Citi has announced a strategic investment in Rextie, a Peruvian FinTech specialising in Foreign Exchange (FX) services.
NEW YORK--(BUSINESS WIRE)--Aug 24, 2023--
The investment and integration of Citi’s cutting-edge FX technology will fuel Rextie’s expansion, while providing its clients with faster service and more competitive currency exchange rates. ...