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Citi

Corporate

Citi is a global bank providing financial products and services to consumers, corporations, governments, and institutions across more than 160 countries.

Portfolio

9

companies


Portfolio companies

Genesis Global

Genesis Global

Genesis Global provides a low-code application development platform designed for financial markets.

Proxymity

Proxymity

Digital investor communications platform connecting issuers, intermediaries, and investors

TransFICC

TransFICC

TransFICC delivers unified low latency connectivity and workflow services for fixed income and derivatives markets.

Genesis

Genesis

Genesis provides low-code and no-code application development platforms for financial markets.

Sharegain

Sharegain

Sharegain provides a securities lending platform for financial institutions and wealth managers.

Solidatus

Solidatus

Solidatus builds data lineage and metadata management software for large enterprises.

Dextcloud

Dextcloud

Dextcloud provides a low code application platform that accelerates enterprise software development.

AccessFintech

AccessFintech

AccessFintech operates a data and workflow collaboration network for the financial industry.

CloudMargin

CloudMargin

CloudMargin provides cloud-native collateral and margin management solutions for the financial sector.


Team

Stuart Riley

Stuart Riley

Head of Citi's Institutional Clients Group Operations & Technology

Stuart serves as Group CIO of HSBC, following senior technology and operations roles at Citi. He also holds board and advisory positions at Quantexa and Hivenet.

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Chris Cox

Managing Director, EMEA Equity & Security Services Head

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Chris Hayward

CDO

Chris brings extensive banking technology and change management experience from senior roles at Citi and Deutsche Bank, including serving as chief data officer.

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Sanjiv Sawhney

Head of Custody and Fund Services

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Nikhil Joshi

Nikhil Joshi

North America Head of Markets Technology

Nikhil brings extensive banking technology experience from his career at Citi, where he serves as managing director and chief information officer for markets technology.

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Steve Morgan

head of markets operations solutions

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Matthew Bax

Managing Director, Global Head of Custody, Securities Services


Recent investments

Series A
£13.0M

The funding extension will support team growth, venue connectivity, and new product development.

"As banks and asset managers focus on automating trading workflows to deliver increased efficiency, TransFICC’s ‘One API’ has been implemented at some of the largest Fixed Income trading banks and Exchanges,"
— Steve Toland, co-Founder
Seed
$200M

The financing round was led by Tiger Global Management with participation from a group of prominent institutional investors.

"The Genesis platform is already trusted by leading institutions from Citi, who is also a strategic investor from previous funding rounds, and ING to Alliance Bernstein and B3 to speed innovation and accelerate delivery of purpose-built financial markets applications,"
— Stephen Murphy, CEO
Series B
£47.0M

WestCap led the Series B round with participation from Citi, EJF Capital and Optiver PSI.

"We believe that lending your stocks, bonds and ETFs is a basic ownership right that should be made available to all. As private investor participation increases in capital markets, we are leveling the playing field so that private investors, through their brokers and banks, can benefit from income generating solutions that have been largely restricted to big financial institutions. We are humbled by this vote of confidence from such a strong group of investors. This partnership enables us to accelerate our global growth plans and scale, expand our offering faster and realize our vision of opening up securities lending to every investor worldwide."
— Boaz Yaari, Founder and CEO
Series B
£23.4M

The investment round was backed by a consortium of major financial institutions including BNY Mellon, Citi, and Computershare.

"We’re delighted to announce this successful round of fundraising, both in terms of the confidence our investors have shown in us, and in accessing new funds to fuel our significant global momentum. We continue to work closely with all our founding consortium members, and together, the Proxymity team is delivering on our vision, changing the industry ecosystem for the better."
— Dean Little, Co-Founder
Series B
£32.4M

Accel led the Series B round with participation from GV, Salesforce Ventures, and existing investors.

"Over the past few years, we’ve seen the low-code revolution sweep multiple industries but in financial markets, legacy vendors and generalist low-code providers still dominate. Many firms are missing out on the benefits of low-code programming – agility, value and flexibility – at a time in which they’ve never needed it more. We knew there had to be a better way to build software in financial markets and enterprises more broadly. Our low-code application platform is a game changer, democratising product design and helping firms deliver digital innovation quicker and with less code. We are excited to have Accel on board who has a long track record in supporting category-leading companies in low-code and enterprise automation."
— Stephen Murphy, CEO
Series A
£14.0M

AlbionVC led the Series A round with participation from enterprise clients HSBC Ventures and Citi.

"Solidatus was built to revolutionise the data economy. The completion of Series A is confirmation that we’ve engineered the right solution to meet the complex needs of data-rich and regulated organisations, delivering a modern, agile and scalable solution. We are looking forward to working alongside our investors to accelerate the delivery of organisational transformation and control to new markets and clients with the same level of commitment to the highest standards of service that are key to the Solidatus offering."
— Philip Dutton, Co-founder
Seed
$0

Dextcloud receives strategic backing from Citi to enhance its low code platform for enterprise clients.

"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
Series B
£15.4M

Dawn Capital led the funding round, with participation from major banking institutions including Deutsche Bank, J.P. Morgan, Citi, and Goldman Sachs.

"We have been proud supporters of AccessFintech since their origins in our In Residence programme and are pleased to support the next stage of their growth."
— Richard Gordon, Global Head of Securities Services Operations
Series B
£11.8M

The Series B round was led by Deutsche Bank alongside participation from Deutsche Börse and Citi.

"We’re delighted to enjoy the confidence of these premier global institutions and to give them an important voice on our Board of Directors as we continue on our exciting growth trajectory. During this unprecedented period of global turmoil and market volatility, it speaks volumes for the CloudMargin business model, achievements and strategy that we were able to successfully close this meaningful investment round with such high calibre partners as Deutsche Bank, Deutsche Börse and Citi. For financial services institutions, the impact of COVID-19 has further reinforced our value proposition by highlighting many challenges the industry has faced for a prolonged period and acting as a catalyst to drive transformational change; firms are placing a strategic priority on adopting modern, Software-as-a-Service based cloud technologies that provide agility as well as operational and cost efficiencies."
— Stuart Connolly, CEO
Seed
£10.0M

Citi has backed metadata management software provider Solidatus in its first major institutional round.

"Our partnership with Solidatus will bring state-of-the-art technology to enhance our data ecosystem. It’s critical we understand our organisational data flow to enable us to deliver efficiently to our clients."
— Stuart Riley, Head of Citi's Institutional Clients Group Operations & Technology
$20.5M

The strategic funding round was backed by eight major financial institutions including BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street.

"We’re extremely proud of what Proxymity has achieved so far within Citi since we developed the platform in 2017. To date, Proxymity has supported over 3,000 shareholder meetings and, after successful pilots, we’ve fully launched the platform in the UK, Germany, The Netherlands, Belgium, Austria, and Australia, as well as a pilot in Spain,"
— Dean Little, Co-Founder