Citi Makes Strategic Investment in Rextie

Citi has made a strategic investment in Rextie, Peru’s leading fintech for FX services. The investment makes Rextie Latin America’s first FX fintech to receive an investment from one of the largest banks in the world. Citi’s FX technology will also be integrated into Rextie’s currency exchange services. Through CitiFX Pulse and Instant Payments, Rextie’s clients will experience a service that offers automation, real-time payments, greater liquidity, and competitive rates. By the end of 2024, Rextie expects to surpass $7 billion dollars exchanged in the platform since the start of its operations in Peru.