Citi invests in Illuminate Financial Management

Fintech-focused venture capital firm Illuminate Financial Management announced today that it has secured a strategic investment from Citi. To date, Illuminate Financial has invested in over 30 companies.

With this recent investment, Citi has joined international financial giants, such as JPMorgan, S&P Global and Deutsche Börse Group, as a limited partner in Illuminate Financial’s venture capital strategy. Illuminate Financial’s latest announcement came about 16 months after the company received backing from JPMorgan.

Founded by Mark Beeston, the venture capital firm has invested in startups across a variety of industries, including financial services, digital asset infrastructure, private markets, data and enterprise solutions. The company has offices in London, New York and Singapore.

“Citi has been an aggressive adopter of innovative FinTech solutions and an active direct investor in 25% of our portfolio companies since we launched Illuminate’s first fund in 2015,” said Mark Beeston, Founder and Managing Partner of Illuminate Financial. “We are thrilled to now add Citi to our roster of strategic investors, helping to further catalyze enterprise adoption of FinTech for the benefit of the entire ecosystem.”

Fintech and digital asset ecosystem

Overall, venture capitalists have increased their investments in companies working in fintech and digital assets. According to a report by KPMG, global fintech investment topped $210 billion in 2021. Details shared by Illuminate Financial show that Citi has invested in eight of the firm’s portfolio startups. To date, Citi has invested in Arteria AI, TransFicc, CloudMargin, Privitar, Genesis Global, Talos, Cosaic, and Blockdaemon.

“Citi has a strong track record of partnering with FinTechs to create digital solutions for our customers and believes this strategic investment will provide earlier visibility into new technologies and complement our direct investment program,” said Sandeep Arora. , head of digital and chief investment officer. of Citi’s institutional client group.

Fintech-focused venture capital firm Illuminate Financial Management announced today that it has secured a strategic investment from Citi. To date, Illuminate Financial has invested in over 30 companies.

With this recent investment, Citi has joined international financial giants, such as JPMorgan, S&P Global and Deutsche Börse Group, as a limited partner in Illuminate Financial’s venture capital strategy. Illuminate Financial’s latest announcement came about 16 months after the company received backing from JPMorgan.

Founded by Mark Beeston, the venture capital firm has invested in startups across a variety of industries, including financial services, digital asset infrastructure, private markets, data and enterprise solutions. The company has offices in London, New York and Singapore.

“Citi has been an aggressive adopter of innovative FinTech solutions and an active direct investor in 25% of our portfolio companies since we launched Illuminate’s first fund in 2015,” said Mark Beeston, Founder and Managing Partner of Illuminate Financial. “We are thrilled to now add Citi to our roster of strategic investors, helping to further catalyze enterprise adoption of FinTech for the benefit of the entire ecosystem.”

Fintech and digital asset ecosystem

Overall, venture capitalists have increased their investments in companies working in fintech and digital assets. According to a report by KPMG, global fintech investment topped $210 billion in 2021. Details shared by Illuminate Financial show that Citi has invested in eight of the firm’s portfolio startups. To date, Citi has invested in Arteria AI, TransFicc, CloudMargin, Privitar, Genesis Global, Talos, Cosaic, and Blockdaemon.

“Citi has a strong track record of partnering with FinTechs to create digital solutions for our customers and believes this strategic investment will provide earlier visibility into new technologies and complement our direct investment program,” said Sandeep Arora. , head of digital and chief investment officer. of Citi’s institutional client group.