-

Citi Makes Strategic Investment in Rextie, Peru’s Leading Fintech for FX Services

  • 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.

NEW YORK--(BUSINESS WIRE)--Citi, a global leader in foreign exchange (FX) markets, 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 cutting-edge 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 stands out for its automation, real-time payments, greater liquidity, and highly competitive rates.

The milestone deal demonstrates how fintechs and banks can collaborate to reinvent and innovate financial services in the region.

David Gonzalez, Regional Head of Corporate Sales and Solutions for Latin America at Citi, said: “This is a landmark transaction for Citi in Peru, our collaboration with Rextie shows the value-added opportunities that we can provide to fintechs. We are excited to deliver the power of our global FX network and tech solutions.”

By the end of 2024, Rextie expects to surpass $7 billion dollars exchanged in the platform since the start of its operations in Peru.

"Going forward, Rextie will focus its efforts on attracting more small and medium-sized business, including customers involved in import and export activities. Also, we will accelerate our growth supported by our experience, the knowledge and specialized technologies that will be empowered by Citi. We thank this prestigious financial institution for trusting our business model and supporting our vision, consolidating the brand in the Peruvian market, Canada, and other countries in the region," said Mateu Batle, CEO and Co-Founder of Rextie.

The investment was made by Citi’s Institutional Strategic Investments (ISI) arm, which invests in innovative fintech companies globally that are strategically aligned to Citi’s institutional businesses.

“Rextie’s founders have created a high growth business, with proven product-market fit and strong foundation of repeat clients. We are excited to invest in a company that’s participating in a very dynamic market in Peru,” said Aldo Alvarez, Lead for LatAm Strategic Investments at Citi.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions, and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | Twitter: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

About Rextie

Rextie, founded in 2016 in Peru, has positioned itself as the leading currency exchange platform for individuals and companies. Since its inception, more than $4.5 billion dollars have been exchanged in the platform and more than one and a half million transactions have been executed on behalf of clients. The fintech has more than 12,000 registered businesses and 170,000 registered individual users who trust its innovative platform for their currency exchange transactions, security, speed, and exchange rates free of hidden commissions. Rextie's clients have a team of financial experts at their disposal, who provide them with personalized advice to make informed decisions and take advantage of financial opportunities. In addition to currency exchange, Rextie also offers factoring solutions and pay-in and pay-out payment processing for businesses.

Additional information may be found at www.rextie.com | LinkedIn: www.linkedin.com/company/rextie | Facebook: www.facebook.com/rextieperu | Blog: https://www.rextie.com/blog/ | YouTube: https://www.youtube.com/@rextie3979 | Twitter: @rextieperu

Contacts

Citi:

Rextie:

Industry:

Citi

NYSE:C
Release Versions
EnglishSpanish

Contacts

Citi:

Rextie:

More News From Citi

Citigroup Reports Fourth Quarter and Full-Year 2025 Results

NEW YORK--(BUSINESS WIRE)--Today Citigroup reported fourth quarter and full-year 2025 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast, please visit https://www.veracast.com/webcast...

Citigroup Declares Common Stock Dividend

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.60 per share, payable on February 27, 2026, to stockholders of record on February 2, 2026. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup’s preferred stock as follows: – 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T, payable February 17, 2026, to holders of record on February 6, 2026. Holders of deposit...

Citi Wealth Releases Macroeconomic and Markets View for 1Q 2026 – Staying Grounded in a Noisy World

NEW YORK--(BUSINESS WIRE)--Today, Citi Wealth released The Short and Long: Q1 Macro Investment View, a new, quarterly report designed to offer global, data-driven guidance to help investors navigate increasingly complex markets with confidence and clarity. Following an unpredictable and sometimes volatile macro picture in 2025, Citi Wealth’s focus in 2026 is constructing dynamic portfolios with core positions – rather than shifting point-in-time forecasts – as a winning strategy to navigate vol...
Back to Newsroom