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Citibank company logo
Bank
FINANCE | Retail Banking
citi.com

Investments

68

Portfolio Exits

20

Partners & Customers

10

About 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.

Headquarters Location

388 Greenwich Street

New York, New York, 10013,

United States

+1 605 331 2626

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Latest Citibank News

Align Technology announces $250M accelerated share buybacks

Feb 6, 2023

Melpomenem Align Technology (NASDAQ: ALGN ) dropped in the pre-market trading Monday after announcing a new accelerated share buyback agreement with Citibank to repurchase $250.0M of the company’s common stock. The deal is in line with Align’s ( ALGN ) $1B stock repurchase program, announced in 2021, and comes days after the company’s Q4 2022 results which exceeded Street forecasts and sent its shares sharply higher last week. Per the terms, Align ( ALGN ) will initially receive ~580.0K company shares as part of the transactions expected to close by about Apr. 26 this year. The final amounts to be repurchased will depend on the company’s volume-weighted average stock price during the term of the agreement minus a discount. The company expects to fund the buybacks with its cash on hand which stood at $1.0B in terms of cash, cash equivalents, and marketable securities as of 2022 year-end. Additionally, Align ( ALGN ) announced that its chief executive officer Joe Hogan and chief financial officer, John Morici intend to buy $1.0M and $0.2M shares of the company stock, respectively. Seeking Alpha contributor Gytis Zizys wrote a bearish thesis on Align ( ALGN ) recently, arguing that “even with the recent drop in share price, the financials say it is a strong sell.” Recommended For You

Citibank Investments

68 Investments

Citibank has made 68 investments. Their latest investment was in SeQura as part of their Line of Credit - II on September 9, 2022.

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Citibank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/27/2022

Line of Credit - II

SeQura

$144.18M

Yes

4

9/27/2022

Line of Credit

Dynasty Financial Partners

$50M

Yes

2

8/24/2022

Debt

Jaja Finance

$295.15M

Yes

2

8/23/2022

Line of Credit

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$99M

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10

8/22/2022

Line of Credit

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$99M

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10

Date

9/27/2022

9/27/2022

8/24/2022

8/23/2022

8/22/2022

Round

Line of Credit - II

Line of Credit

Debt

Line of Credit

Line of Credit

Company

SeQura

Dynasty Financial Partners

Jaja Finance

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Amount

$144.18M

$50M

$295.15M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

2

2

10

10

Citibank Portfolio Exits

20 Portfolio Exits

Citibank has 20 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

$99M

1

8/4/2022

Merger

$99M

1

2/15/2022

Divestiture

Citibank - India Retail Business

$99M

4

1/31/2022

Divestiture

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$99M

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10

12/23/2021

Divestiture

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$99M

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10

Date

9/14/2022

8/4/2022

2/15/2022

1/31/2022

12/23/2021

Exit

Divestiture

Merger

Divestiture

Divestiture

Divestiture

Companies

Citibank - Malaysia Consumer Banking Business
Citibank - India Retail Business

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

4

10

10

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

$99M

Corporate Majority

1

1/1/1999

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$99M

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10

Date

2/21/2020

1/1/1999

Investment Stage

Other

Companies

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Valuation

$99M

$99M

Total Funding

Note

Corporate Majority

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Sources

1

10

Citibank Partners & Customers

10 Partners and customers

Citibank has 10 strategic partners and customers. Citibank recently partnered with Covr Financial Technologies on September 9, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

9/22/2022

Vendor

United States

16:27 EDT Citi Selects Covr to Simplify Life Insurance Process for U.S. Consumer Wealth Management Business

NEW YORK , Sept. 22 , 2022 / PRNewswire / -- Covr Financial Technologies , Inc. is collaborating with Citi to help its U.S. financial advisors and clients more effectively integrate life insurance and long-term care coverage into their financial plans .

3

9/15/2022

Partner

United States

1

8/9/2022

Partner

China, and

Citibank teams up with Sunnyfounder and Taiwan Green Energy for Charity Association to create first charitable carbon credit program in Taiwan

In 2018 , Citibank and Sunnyfounder entered into a partnership with the St Camillus Long-term Care Center in Yilan County to build a 22 kilowatt-peak solar energy system , helping more than 135 elderly people obtain sustainable long-term care services .

1

7/7/2022

Client

United States

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10

6/27/2022

Partner

Israel

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10

Date

9/22/2022

9/15/2022

8/9/2022

7/7/2022

6/27/2022

Type

Vendor

Partner

Partner

Client

Partner

Business Partner

Country

United States

United States

China, and

United States

Israel

News Snippet

16:27 EDT Citi Selects Covr to Simplify Life Insurance Process for U.S. Consumer Wealth Management Business

NEW YORK , Sept. 22 , 2022 / PRNewswire / -- Covr Financial Technologies , Inc. is collaborating with Citi to help its U.S. financial advisors and clients more effectively integrate life insurance and long-term care coverage into their financial plans .

Citibank teams up with Sunnyfounder and Taiwan Green Energy for Charity Association to create first charitable carbon credit program in Taiwan

In 2018 , Citibank and Sunnyfounder entered into a partnership with the St Camillus Long-term Care Center in Yilan County to build a 22 kilowatt-peak solar energy system , helping more than 135 elderly people obtain sustainable long-term care services .

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Sources

3

1

1

10

10

Citibank Team

252 Team Members

Citibank has 252 team members, including current Chief Executive Officer, Jane Fraser.

Name

Work History

Title

Status

Jane Fraser

Chief Executive Officer

Current

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Name

Jane Fraser

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Work History

Title

Chief Executive Officer

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Status

Current

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