Dextcloud secures seed investment from Citi to accelerate product development.
Dextcloud receives strategic backing from Citi to enhance its low code platform for enterprise clients.
Dextcloud provides a low code application platform that helps enterprises develop and deploy application components to streamline service creation. The firm operates globally, supporting clients across financial services and retail.
Dextcloud has secured a seed investment from financial services giant Citi to support product enhancement and industry adoption. The funding coincides with a pilot programme aimed at transforming Citi's commercial bank digital service offerings and automating manual tasks. Dextcloud previously collaborated with Citi Innovation Labs to adapt its technology for complex regulatory and operational environments.
The capital will allow Dextcloud to accelerate product development as it expands its footprint within financial services and other large corporate sectors.
From the founder
"This strategic investment underlines Citi's commitment to backing new innovation and embracing Low Code and API-driven orchestration as a strategic initiative, and it provides an important launchpad for Dextcloud to grow and expand further into other large environments."
Manish Sharma
CEO and co-founder at Dextcloud
Investor perspective
"By working with Dextcloud, we are able to develop client-centric solutions at a quicker pace, lower the barriers for our colleagues to develop these solutions, and automate manual tasks that allow our developers to focus on higher valued projects."
Stuart Riley
Head of Citi's Institutional Clients Group Operations & Technology, Citi
Use of funds
- 01Continue product development
Investors
Categories
About the company
Dextcloud
Dextcloud provides a low code application platform that accelerates enterprise software development.