Investments
82Portfolio Exits
22Partners & Customers
10About Citibank
Citibank provides commercial and consumer banking products and services, and offers checking accounts, savings accounts, certificates of deposit, and individual retirement accounts and rollovers; credit cards; lending products, such as home equity lines and loans, personal lines and loans, and mortgages; and investment products, which include insurance, annuities, advisory accounts, bonds, mutual funds, and securities backed lending; and financial education on wealth management.
Research containing Citibank
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Citibank in 5 CB Insights research briefs, most recently on Nov 21, 2023.
Latest Citibank News
Dec 8, 2023
Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea. Citibank named top international bank of 2023 in Korea Link copied Citibank Korea's headquarters in central Seoul (Citibank Korea) Citibank Korea has been named the Best International Bank in Korea for 2023 by Asiamoney, a monthly financial magazine published in Hong Kong, the bank announced Friday. Asiamoney explained that it selected Citibank Korea for the latest award, as it demonstrated significant improvements in performance across various financial metrics, citing tangible gains in total revenue and net income compared to the previous year. The bank showed particularly strong growth in the corporate banking businesses, it added. “Thanks to the devotion and passion of all our employees working together for our clients and the bank’s growth, we were able to win this award in times of change and challenge,” Citibank Korea CEO Yoo Myung-Soon said. “We will continue to deliver high-quality financial services to our corporate clients to support their sustainable growth, as they rapidly expand their presence in the global market.” Citibank Korea, launched by Citigroup Inc. in 2004, has been reshaping its revenue model to improve benefits for its clients by strategically pursuing growth in diverse areas including foreign exchange trading and capital markets, corporate client treasury management and securities services, among others. Song Jung-hyun
Citibank Investments
82 Investments
Citibank has made 82 investments. Their latest investment was in Fleximize as part of their Unattributed on September 9, 2023.
Citibank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/20/2023 | Unattributed | Fleximize | $168.2M | Yes | 2 | |
9/19/2023 | Line of Credit - II | ThinCats | $863.12M | Yes | 3 | |
7/31/2023 | Line of Credit | The Liberty Company Insurance Brokers | $30M | Yes | Bank of America, InsurBanc, and TD Bank | 2 |
7/21/2023 | Line of Credit - III | |||||
7/13/2023 | Loan |
Date | 9/20/2023 | 9/19/2023 | 7/31/2023 | 7/21/2023 | 7/13/2023 |
|---|---|---|---|---|---|
Round | Unattributed | Line of Credit - II | Line of Credit | Line of Credit - III | Loan |
Company | Fleximize | ThinCats | The Liberty Company Insurance Brokers | ||
Amount | $168.2M | $863.12M | $30M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Bank of America, InsurBanc, and TD Bank | ||||
Sources | 2 | 3 | 2 |
Citibank Portfolio Exits
22 Portfolio Exits
Citibank has 22 portfolio exits. Their latest portfolio exit was Citibank - Malaysia Consumer Banking Business on September 14, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/14/2022 | Divestiture | Citibank - Malaysia Consumer Banking Business | 1 | ||
8/4/2022 | Merger | 1 | |||
2/15/2022 | Divestiture | Citibank - India Retail Business | 5 | ||
Date | 9/14/2022 | 8/4/2022 | 2/15/2022 | ||
|---|---|---|---|---|---|
Exit | Divestiture | Merger | Divestiture | ||
Companies | Citibank - Malaysia Consumer Banking Business | Citibank - India Retail Business | |||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 5 |
Citibank Acquisitions
2 Acquisitions
Citibank acquired 2 companies. Their latest acquisition was Akoya on February 21, 2020.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
2/21/2020 | Other | Corporate Majority | 1 | |||
1/1/1999 |
Date | 2/21/2020 | 1/1/1999 |
|---|---|---|
Investment Stage | Other | |
Companies | ||
Valuation | ||
Total Funding | ||
Note | Corporate Majority | |
Sources | 1 |
Citibank Partners & Customers
10 Partners and customers
Citibank has 10 strategic partners and customers. Citibank recently partnered with Navan on October 10, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
10/19/2023 | Vendor | United States | Citi and Navan Enter Into Travel and Expense Partnership The partnership is a substantial win for Navan given the fact that Citi has more than 25,000 commercial card clients , and 7 million cardholders around the world . | 3 | |
10/11/2023 | Vendor | United States | Citi partners with Versana | 1 | |
10/3/2023 | Client, and Vendor | United States, and United Kingdom | 1 | ||
8/21/2023 | Partner | ||||
8/8/2023 | Partner |
Date | 10/19/2023 | 10/11/2023 | 10/3/2023 | 8/21/2023 | 8/8/2023 |
|---|---|---|---|---|---|
Type | Vendor | Vendor | Client, and Vendor | Partner | Partner |
Business Partner | |||||
Country | United States | United States | United States, and United Kingdom | ||
News Snippet | Citi and Navan Enter Into Travel and Expense Partnership The partnership is a substantial win for Navan given the fact that Citi has more than 25,000 commercial card clients , and 7 million cardholders around the world . | Citi partners with Versana | |||
Sources | 3 | 1 | 1 |
Citibank Team
250 Team Members
Citibank has 250 team members, including current Chief Executive Officer, Jane Fraser.
Name | Work History | Title | Status |
|---|---|---|---|
Jane Fraser | Chief Executive Officer | Current | |
Name | Jane Fraser | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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