Investments
68Portfolio Exits
20Partners & 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.
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Research containing Citibank
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Citibank in 11 CB Insights research briefs, most recently on Oct 17, 2022.
May 10, 2022
130+ startups driving the Middle East’s fintech boom
Latest Citibank News
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.
Citibank Investments Activity
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 | BNP Paribas, and Citibank | 2 |
8/23/2022 | Line of Credit | |||||
8/22/2022 | Line of Credit |
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 | ||
Amount | $144.18M | $50M | $295.15M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | BNP Paribas, and Citibank | ||||
Sources | 4 | 2 | 2 |
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 | 1 | ||
8/4/2022 | Merger | 1 | |||
2/15/2022 | Divestiture | Citibank - India Retail Business | 4 | ||
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 | 4 |
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 Covr Financial Technologies on September 9, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
9/22/2022 | Vendor | United States | 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 | Citi 's new collaboration with Notre Dame Athletics will also create avenues throughout the year to amplify the joint commitment to elevate women 's athletics . | 1 | |
8/9/2022 | Partner | China, and | 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 | ||||
6/27/2022 | Partner |
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 | ||
News Snippet | 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 . | Citi 's new collaboration with Notre Dame Athletics will also create avenues throughout the year to amplify the joint commitment to elevate women 's athletics . | 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 . | ||
Sources | 3 | 1 | 1 |
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 | |
Name | Jane Fraser | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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