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C

Citibank

Corporate

Portfolio

3

companies

Investment by month

By category

  • eCommerce£770M
  • FinTech£300M

By location

  • Manchester£770M
  • London£300M

Portfolio companies

Raylo

Raylo

Raylo provides subscription payment services for consumer technology products.

TH

The Hut Group

The Hut Group operates international online beauty and wellbeing retail brands powered by proprietary e-commerce technology.

iwoca

iwoca

Iwoca provides digital finance and business loans to small and medium enterprises.


Team

SN

Sam Norton

LinkedIn
Ula Malczewska

Ula Malczewska

Ula serves as Managing Director and Capital Management Head for Europe, MEA and UK at Citi. Her career at the bank includes prior roles leading capital management and corporate banking across consumer, healthcare and retail sectors.

LinkedIn
RL

Ryan Ladwa

Ryan is VP Finance at Bondaval. He previously spent seven years at Citi following a stint as a finance analyst at CMC Markets.

LinkedIn

Recent investments

Series B
£30.0M

The financing round comprises £10m in equity led by Citibank and £20m in debt from NatWest.

"Electronics brands are increasingly moving beyond one-time sales and toward subscription-first models. Our partnership with LG marks a key step in that transition, delivering clear value for both electronics brands and customers whilst expanding our category offering with a true global leader. It’s been great working with the LG team to bring this to market, and we’re excited about scaling the partnership together."
— Karl Gilbert, CEO
Debt
£770M

The revolving credit facility will support major investments in beauty, technology and infrastructure.

"We are delighted to join The Hut Group’s core banking facility at this exciting time in the company’s development. This transaction is in line with the banks strategy of facilitating UK corporates with their trade flows to China and underlines our confidence in the THG management team."
— Andrew Woods, Relationship Manager