image credit: Adobe Stock

Citi debuts first LatAm fintech investment with stake in Peruvian FX platform Rextie

August 24, 2023

Mateu Batle, the fintech’s CEO and co-founder, confirmed that the investment is to be applied to support its growth and expansion, which includes attracting more SMBs to the platform.

This ambition will be further reinforced by the planned integration of Citi’s FX technology, including CitiFX Pulse and Instant Payments, into its FX services, which in turn is expected to increase automation while enabling the 12,000 businesses and 170,000 individuals that currently use its platform to benefit from real-time payments, greater liquidity and more competitive rates.

Read More on FinTech Futures