Citi

DailyPay Raises $175 Million to Expand On-Demand Pay Platform
DailyPay Raises $175 Million to Expand On-Demand Pay Platform
January 18, 2024  |  Investments

On-demand pay company DailyPay has secured $175 million in funding, resulting in a 75% increase in the company’s valuation to $1.75 billion. This funding includes...

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AI Takes on Role of Contract Management and Negotiator
AI Takes on Role of Contract Management and Negotiator
January 17, 2024  |  artificial intelligence

Odds are if you’re reading this you’ve had to deal with a contract at some point in your career. The odds are also in favor...

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Citi Reports $1.8 Billion Net Loss Partly From FDIC Bank Failure Assessment
Citi Reports $1.8 Billion Net Loss Partly From FDIC Bank Failure Assessment
January 12, 2024  |  Earnings

Citigroup reported a net loss of $1.8 billion for the fourth quarter, attributing that in part to several “notable items.” The items include a special...

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Banyan Names Citi Veteran Alpesh Chokshi as President
Banyan Names Citi Veteran Alpesh Chokshi as President
January 09, 2024  |  Personnel

Item-level receipt data platform Banyan has named financial industry veteran Alpesh Chokshi as president. Chokshi, whose appointment was announced Tuesday (Jan. 9), joins Banyan following a stint as global...

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Growing BNPL Demand Outpaces Merchant Response 
Growing BNPL Demand Outpaces Merchant Response 
January 03, 2024  |  Buy Now Pay Later

Buy now, pay later (BNPL) has gone mainstream. So much so that if businesses don’t provide this payment option, they might lose out on sales...

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Citi Provides Investment and Technology to Colombian FinTech Supra
Citi Provides Investment and Technology to Colombian FinTech Supra
December 11, 2023  |  Investments

Citi has led a strategic investment round in Supra, a Colombian FinTech that enables cross-border payments and treasury solutions. Supra provides these solutions to small...

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Citi Teams With FreedomPay to Offer Payments Choice at Checkout
Citi Teams With FreedomPay to Offer Payments Choice at Checkout
December 07, 2023  |  Payment Methods

Payments platform FreedomPay has teamed with Citi to enable Citi Pay products at point-of-purchase. “This collaboration provides consumers with flexibility in selecting their preferred lending solutions at the point-of-sale, further enhancing...

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Paytm Stock Drops 20% After Downgrade for Scaling Back Loan Sizes
Paytm Stock Drops 20% After Downgrade for Scaling Back Loan Sizes
December 07, 2023  |  Loans

 Paytm’s stock hit a two-year low Thursday (Dec. 7) after it changed its small-ticket loan policy and brokers downgraded its stock.  The Indian FinTech had announced earlier...

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Citi Invests in and Expands Use of FinTech Firm Icon Solutions
Citi Invests in and Expands Use of FinTech Firm Icon Solutions
December 06, 2023  |  Investments

Citi has invested in payments technology company Icon Solutions as it modernizes its payments platform. The investment, made via Citi Treasury and Trade Solutions, comes as Citi also plans...

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