HONG KONG: Qupital, Asia’s leading data-driven fintech platform specializing in supply chain financing solutions for e-commerce businesses, announced the successful refinancing of its securitization facility, where HSBC joins Citigroup as a senior lender in this strategic expansion of the facility. This development marks a significant milestone in Qupital’s growth and its commitment to enhancing financial…
Tag: Citi
Citi invests in fintech startup Exponential Markets to boost risk mitigation tools
Citi has invested in Exponential Markets, a fintech startup that is developing tradable financial instruments for new and underserved markets, such as the automotive sector. Exponential Markets, formerly branded Exponential Exchange, announced a strategic investment from Citi through its Markets Strategic Investments unit. The investment was part of Exponential’s seed round, which raised over $10…
Competition Commission approves NAB’s proposed acquisition of Citi’s consumer business
SYDNEY, AUSTRALIA: The Australian Consumer and competition Commission (ACCC) will not oppose the proposed acquisition of Citigroup Australia Pty Limited’s Australian consumer business (Citi) by National Australia Bank Limited (ASX: NAB) after a review found the transaction would not substantially lessen competition. NAB and Citi overlap in the supply of consumer banking products and services,…