Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February. Together with its investment, Citi Ventures will introduce Tuum to key stakeholders within Citi, the bank, to explore commercialization opportunities, Tuum said in a Thursday (March 14) press...
Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone. Etsy, Poshmark and Depop took the concept a bit further, with direct eCommerce conduits to higher-end fashion. As Jelena Zec, director of venture investing...
If recent headlines have taught us anything, it is that economic support and investments can go a long way toward helping cities, businesses and individuals navigate any number of challenges (the pandemic is only among the most recent challenges). Unemployment is at historic levels. Small...
Citi is signing on to Contour’s blockchain-driven trade finance network, Contour announced in a press release on Sunday (Feb. 16). The bank joins numerous banking giants on the Singapore-based network (including HSBC, Standard Chartered and Bangkok Bank), and made an investment in Contour through Citi Ventures....
March 18, 2024
Embedded payments, embedded lending and a continuing shift to virtual cards all demand a reconsideration of technical infrastructure. Banks, grappling with legacy back-end systems, and FinTechs, seeking to innovate within financial services — and smaller businesses aiming to engage with their end markets — have seen a rush of providers streamlining those efforts, with notable […]
June 05, 2020
If recent headlines have taught us anything, it is that economic support and investments can go a long way toward helping cities, businesses and individuals navigate any number of challenges...
March 14, 2024
Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February. Together with its investment, Citi Ventures will introduce Tuum to key stakeholders within Citi, the bank, to explore commercialization opportunities, Tuum said in a Thursday (March 14) press release. “This investment from one of the largest banking groups […]
February 12, 2019
Second Measure, a startup that analyzes credit card data and trends and sends out bi-weekly reports to investors, has raised $20 million in a Series A funding round, with Citi...
March 24, 2017
Clarity Money, the personal finance app, has reportedly raised $11 million in venture capital funding, which it will use to expand its team and offerings. According to a report, RRE...
December 01, 2016
In management news tied to Citigroup’s Citi Ventures, which invests in FinTech, Vanessa Colella has been promoted to lead the Citi unit. Reuters reported that the promotion comes as Colella...
