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
NEW YORK : Citigroup has acquired a stake in Peruvian foreign exchange startup Rextie, its first fintech investment in Latin America.
Rextie provides forex transactions through digital channels to 12,000 mid-sized and small companies in Peru and 170,000 individuals. The company also provides factoring and payment processing to companies.
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