No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Illuminate Financial Management, a Fintech-focused venture capital firm, today announced that it has secured a strategic investment from Citi. To date, Illuminate Financial has invested in more than 30 companies.
Through recent investments, Citi has joined international financial giants such as JP Morgan, S & P Global and Deutsche Berce Group as Limited Partners in Illuminated Financial’s Venture Capital Strategy. The latest announcement from Illuminate Financial came about 16 months after receiving support from JP Morgan.
Founded by Mark Beeston, Venture Capital has invested in startups in a variety of sectors including financial services, digital asset infrastructure, private markets, data and enterprise solutions. The company has offices in London, New York and Singapore.
“Since launching Illuminate’s first fund in 2015, Citi has been aggressively adopting innovative solutions from FinTechs and actively investing in 25% of its portfolio companies. ” Said Mark Beeston, founder and managing partner of Illuminate Financial. “We are pleased to add Citi to our strategic investor list and further encourage companies to adopt FinTech for the benefit of the entire ecosystem.”
Overall, venture capital firms are increasing their investment in companies working in the areas of fintech and digital assets. Global fintech investment exceeded $ 210 billion in 2021, according to a report released by KPMG. Details shared by Illuminate Financial show that Citi has invested in eight of its portfolio startups. To date, Citi has invested in Arteria AI, TransFicc, CloudMargin, Privitar, Genesis Global, Talos, Cosaic and Blockdaemon.
“Citi has a proven track record of partnering with FinTechs to build digital solutions for our clients, and we are confident that this strategic investment will provide early visibility into new technologies and complement our foreign direct investment programs.” Said Sandeep Arora, Digital Officer and Chief Investment Officer.Citi’s Instituteal Client Group
Illuminate Financial Management, a Fintech-focused venture capital firm, today announced that it has secured a strategic investment from Citi. To date, Illuminate Financial has invested in more than 30 companies.
Through recent investments, Citi has joined international financial giants such as JP Morgan, S & P Global and Deutsche Berce Group as Limited Partners in Illuminated Financial’s Venture Capital Strategy. The latest announcement from Illuminate Financial came about 16 months after receiving support from JP Morgan.
Founded by Mark Beeston, Venture Capital has invested in startups in a variety of sectors including financial services, digital asset infrastructure, private markets, data and enterprise solutions. The company has offices in London, New York and Singapore.
“Since launching Illuminate’s first fund in 2015, Citi has been aggressively adopting innovative solutions from FinTechs and actively investing in 25% of its portfolio companies. ” Said Mark Beeston, founder and managing partner of Illuminate Financial. “We are pleased to add Citi to our strategic investor list and further encourage companies to adopt FinTech for the benefit of the entire ecosystem.”
Overall, venture capital firms are increasing their investment in companies working in the areas of fintech and digital assets. Global fintech investment exceeded $ 210 billion in 2021, according to a report released by KPMG. Details shared by Illuminate Financial show that Citi has invested in eight of its portfolio startups. To date, Citi has invested in Arteria AI, TransFicc, CloudMargin, Privitar, Genesis Global, Talos, Cosaic and Blockdaemon.
“Citi has a proven track record of partnering with FinTechs to build digital solutions for our clients, and we are confident that this strategic investment will provide early visibility into new technologies and complement our foreign direct investment programs.” Said Sandeep Arora, Digital Officer and Chief Investment Officer.Citi’s Instituteal Client Group
