Citigroup (Citi) announced this week a strategic investment into Rextie, making it Citi’s first investment into a Latin American FX fintech. The Lima, Peru-based foreign exchange platform, founded in 2016, offers commission-free currency exchange services for individuals and businesses. Citi aims to integrate its own FX technology into Rextie’s services, offering customers faster and more competitive exchange rates. Rextie is targeting $7 billion in FX volume by the end of next year.
Citi Invests in Peruvian Foreign Exchange Fintech Rextie
