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)

LiquidX

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.

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