FinTech: Citi Invests In Trade Finance And Working Capital Platform LiquidX

June 10, 2022 | FinTech, News

Liquid X is an innovator in supply chain digitization and automation.

Citi (NYSE: C), one of the largest trade finance banks in the world has made a strategic investment in LiquidX, a global provider of working capital, trade finance and trade credit insurance solutions. The unspecified investment by Citi participated in a funding round led by Broadridge (NYSE: BR), an existing investor in the fintech startup. (CROWDFUND INSIDER)


In working capital, Liquid X offers a scalable, global technology and legal infrastructure to service needs in AR finance, supply chain finance, inventory finance, portfolio finance & securitization. The company has also developed the world’s first multi-carrier electronic marketplace to buy and sell trade credit insurance.

Other value-added services include treasury management, business intelligence and global trading.

“Our partnership with Citi, coupled with our expanded strategic relationship with Broadridge, positions us as a true fintech partner for all participants in the trade and working capital landscape, including banks, asset managers, corporates, and insurance providers,” said Jim Toffey, CEO of LiquidX.

Chris Perry, President of Broadridge, added: “Citi and Broadridge’s commitment along with our combined size, scale, and global presence further enables LiquidX to continue driving efficiencies to front, middle and back offices for trade operations.”

“LiquidX will help our clients to improve working capital efficiency and provide them with seamless access to a range of other services offered by Citi to institutional clients,” said Sandeep Arora, Head of Digital and Chief Investment Officer for Citi’s Institutional Clients Group.

Related Story: Standard Chartered Offers Blockchain Trade Finance Platform

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Grayscale Protests SEC Rejection Of Spot Bitcoin ETF, Files Suit Against Regulator
June 30, 2022     Digital Assets, Latest News, News, Regulations

Grayscale Investments, the largest digital asset manager globally, has filed a suit against the SEC for rejecting its application to convert the Grayscale Bitcoin Trust into a spot bitcoin ETF….
Venture Capital/ESG: Twelve Raises $130M For World’s First Carbon Transformation Platform

Twelve has raised a $130 million Series B round to scale up its carbon transformation technology that converts captured CO2 into products traditionally made from fossil fuels. The firm’s technology…
FinTech: Sam Bankman-Fried Of FTX Rejects Rumors He Is Acquiring Robinhood
June 30, 2022     Digital Assets, FinTech, News

FTX, the crypto platform owned by billionaire Sam Bankman-Fried, has scotched media reports that it was pursuing a deal to acquire commission-free trading app Robinhood (NASDAQ: HOOD). Bloomberg said Monday…
Alternative Investments/Digital: Amidst A Crypto Winter, 21Shares Launches The World’s Cheapest Physically Backed Bitcoin ETP

21Shares AG has launched a bitcoin ETP tailor-made for today’s crypto market, one that has been mauled by rampaging bears and gripped by a “crypto winter.” The 21Shares Bitcoin Core…