Citi Competitive Analysis

Part
01
of seven
Part
01

JP Morgan

JP Morgan has more than 250,000 employees throughout the world. The company hired Apoorv Saxena as the head of artificial intelligence and machine-learning services in 2018 and Tucker Balch as the new managing director of JP Morgan AI Research in 2019. More information required on the topic has been presented into the attached spreadsheet.

Team size and key hires

  • According to the official website of JP Morgan Chase, the total number of employees in the company is above 250,000. Similarly, according to a 2018 Statista report, the total number of employees in the company is 256,105.
  • J.P. Morgan Chase hired Apoorv Saxena as the head of artificial intelligence and machine-learning services in 2018. He used to work as "the head of product management for cloud-based artificial intelligence" and a senior executive at Google.
  • The company also hired Tucker Balch as the new managing director of JP Morgan AI Research in 2019.
  • JP Morgan hired a former Facebook engineer called Yang Wang in the innovation sector in September 2018. He is one of the two co-chairs of the AI Frontiers Conference.
  • The company hired Dr. Manuela Veloso as the head of AI Research for the Corporate & Investment Bank in May 2018.
  • JP Morgan Asset Management hired a new chief market strategist for Europe and UK in 2017. Her name is Karen Ward.
  • The company hired Kurtis Huffman as the new executive director of Western Pennsylvania Middle Market Commercial Banking at JP Morgan Chase & Co in 2017. In 2017, the company hired "Kurt Stuart as the new head of commercial term lending (CTL) for the northeast region."
  • They hired Michelle Herrick in 2017 as the market manager for REB central region. Similarly, Winston Fant was hired in 2017 as the leader of commercial real estate treasury services.
  • In 2016, JP Morgan hired Kevin Latter as the co-head of their South African unit. Similarly, in August 2016, they announced the hiring of Ryota Sakagami as their chief Japan equity strategist for Equity Research Division.
  • In 2016, the company hired Christian Kames as the head of investment banking for Germany. He worked for Citigroup before joining the company.

Partnerships

  • Microsoft entered into a strategic partnership with JP Morgan in 2019. They are looking forward to developing the bank's financial services and blockchain platform — Quorum.
  • JP Morgan recently partnered with Rock The Street, Wall Street to provide the students from two high-schools with an opportunity to enjoy a day as an investment banker.
  • The company partnered with AI You Foundation to support the innovative development of healthcare social workers in June 2018.
  • JP Morgan Chase & Co. announced in 2018 that they would be partnering with Berkshire Hathaway and Amazon to address their respective employees' healthcare by focusing on technology.

Highlights from the Commercial Banking Division

  • According to the official Commercial Banking page, JP Morgan has about "300 specialized industry bankers across nearly 40 states with in-depth knowledge of current trends, challenges and opportunities within any industry."
  • JP Morgan Chase has recently launched a program in the Commerical Banking industry called AdvancingCities. The budget of the five-year initiative is $500 million, and the focus of the initiative is to sustain long-term economic growth in different areas and cities throughout the globe.
  • The company has recently announced a major expansion of its Commercial Banking services. They plan to "expand branches into nine top US markets and continue to grow the branch network in Philadelphia, Boston and Greater Washington, DC."
  • The company has recently announced that they are planning to expand their Commercial Banking services in European and Asia-Pacific markets.
  • The Commercial Banking Division of JP Morgan Chase announced in 2019 that they have launched their Emerging Growth industry group within MMBSI (Middle Market Banking & Specialized Industries). The group is an extended piece of the company's Commercial Banking industry.
  • The company provides Commercial Banking solutions to more than 80% of the Fortune 500 companies.
  • They received the "2017 Greenwich Associates Best Brand Awards in Middle Market Banking for overall service, loans (lines of credit), cash management and investment banking."
  • The company serves more than 15,000 middle market clients with its Commerical Banking solutions.

Research strategy

your research team applied the following research strategies

To provide an in-depth analysis of JP Morgan, we started the research by searching across its official website. From there, we were able to find multiple links that were very helpful in this research. The size of their team was readily available on their website as well as in other external sources such as Statista. Therefore, we have provided the data from both types of databases (About Us page and Statista) in the findings section and the attached spreadsheet. We were able to get information on the key hires within the past three years from the news and announcement page of the company. We also used financial news databases and LinkedIn for compiling the required information for 2016-2019.

All the information regarding the partnerships of the company was also readily available on the news and announcement page of its website. We also referred to other financial news sources to confirm the information. We found that the company did not have any partnerships in 2016 and 2017. Therefore, we have presented the required information for 2018 and 2019. The company partnered with some companies in 2015; however, the information was not added in this research as it was very old. We were also able to find the highlights from the Commercial Banking Division of the company. All the highlights and insights were readily available on the website. We have presented some highlights in the findings section above. However, more highlights can be found on the website's pages. In this way, we were able to find all the information required to complete this research.
Part
02
of seven
Part
02

Morgan Stanley 1

As of March 2019, Morgan Stanley's estimated team size was 60,469. The entirety of our research findings of Morgan Stanley's Chief Innovation Officer (which is not a position the company has), team size, key hires, key investments, and partnerships is included in the attached spreadsheet. Below is a brief overview of our research findings of Morgan Stanley, followed by an explanation of our research methodology.

findings

  • Just recently, in March 2019, Morgan Stanley hired Michael Kearns as its Head of Artificial Intelligence.
  • In December 2018, Ted Eliopoulos was hired by Morgan Stanley for two positions: Head of Strategic Partnerships plus Vice Chairman.
  • Morgan Stanley's most recent financing round was worth $1.3 billion and was announced on April 10, 2019.
  • Just recently, in March 2019, Morgan Stanley partnered with iCapital Network, which is a fintech company.

your research team applied the following strategy:

We determined that Morgan Stanley does not have a Chief Innovation Officer by reviewing both of the company's leadership team pages: (1) Operating Committee and (2) Leadership Team. Neither of those pages had such a position listed. We determined the company's team size (employee count) from a company database source, which publishes such information and regularly updates its numbers. We implemented a two-part approach for identifying Morgan Stanley's recent key hires. First, for the key leadership members, we looked up each individual listed on both of the company's leadership team pages and checked when each person joined the company. Second, for the innovation roles, we looked for articles announcing new hires pertaining to both innovation and technology, which yielded a few recent key hires.

To identify key investments, we looked up Morgan Stanley using the business database source Crunchbase and found data about its recent investments. Lastly, we found information about Morgan Stanley's partnerships pertaining to technology and/or innovation by looking up press releases announcing any such partnerships. The only calculation we needed to complete for this research was to convert the amount of money raised by Morgan Stanley for Golden Education. In Crunchbase, that amount was listed in Chinese Yuan currency (800 million). We used this currency calculator to convert that amount into USD ($115,771,000). Together, this multi-step research process provided us with all the information we needed about Morgan Stanley.


Part
03
of seven
Part
03

Morgan Stanley 2

Some of the recent developments made by Morgan Stanley include the launching of Mission Align 360⁰ Tool Kit, developing sustainable solutions through the Plastic Waste Resolution, and the launching of WealthDesk. With over 1.67 million employees, the bank is committed to serving more than 3.5 million people across the world. More information required on the topic has been presented into rows 7-12 of the attached spreadsheet. 

KEY DEVELOPMENTS

FINANCIAL HIGHLIGHTS

CONSUMER HIGHLIGHTS

CORPORATE & INVESTMENT BANK HIGHLIGHTS

  • In 2018, Morgan Stanley recorded investment management net revenues of $2,746 million, which was a 6% increase from the previous year; this reflected growth in asset management segment, which was partially offset by a drop in the trading revenues.
  • The company’s overall investment revenue in 2018 was negative $52 million, a big drop from the previous year because of the deteriorating market of publicly traded investment.

COMMERCIAL BANKING HIGHLIGHTS

  • Morgan Stanley offers several commercial banking services including commercial lending, mortgage lending, financing extended to clients, and asset-backed lending through its two US-based subsidiaries: MSBNA and MSPBNA.

ASSET & WEALTH MANAGEMENT HIGHLIGHTS

  • Morgan Stanley’s asset and wealth management services offer comprehensive array of financial solutions to small and medium-sized companies, individual investors, and institutions including wealth planning services, residential real estate loans, annuity and insurance products, securities-based lending, retirement plan services, and other lending products.
  • In 2018, Morgan Stanley generated a total of $17,242 million in wealth management net revenues, which was a 2% increase from the previous year. The growth was associated with reduced trading revenues.

Part
04
of seven
Part
04

Citi Ventures 1

Fifty-one person strong Citi Ventures is led by Vanessa Colella, Citi's Chief Innovation Officer. In the past three years, it has hired 11 people to assume key positions, while in the past two years, it has made a total of 20 investments and a total of eight partnerships. These details have been entered in the provided spreadsheet

CHIEF INNOVATION OFFICER

  • Vanessa Colella is the chief innovation officer of Citi and the head of Citi Ventures, which accelerates the discovery of new sources of value through the exploration, incubation, and financing of new ideas.
  • Colella's expertise lies in corporate development, mobile payments, strategic partnerships, emerging payments, education, entrepreneurship, marketing, and venture capital.

TEAM SIZE

  • Citi Ventures is a 51-person strong team.
  • Thirteen employees are in Venture Investing, fourteen are in D10X, seven are in Innovation Network and Emerging Technology, twelve are in Studio, and four are in Finance, Operations, and Strategy.

KEY HIRES

  • Matt Carbonara joined Citi Ventures in September 2018 as managing director of Venture Investing.
  • Ornit Shinar joined Citi Ventures in March 2017 as director and Israel lead of Venture Investing.
  • Alex Sion joined Citi Ventures in September 2018 as director and co-head of D10X.
  • Peter Collingridge joined Citi Ventures in May 2017 as an entrepreneur in residence. He became the director and global head of D10X's Entrepreneurs in Residence in September 2017.
  • Chris O'Brien joined Citi Ventures in October 2016 as director of D10X's Program Management.
  • Beth Devin joined Citi Ventures in October 2017 as managing director and head of Innovation Network and Emerging Technology.
  • Vinod Baya joined Citi Ventures in November 2018 as director and head of Emerging Technology.
  • David Boardman joined in September 2018 as director and head of Design at Citi Ventures Studio.
  • Dhiraj Sharda joined in November 2017 as director and head of Product at Citi Ventures Studio.
  • Hasan Kazmi joined in 2016 as director and head of Partnerships at Citi Ventures Studio.
  • Susheel Daswani joined in February 2019 as director and head of Engineering at Citi Ventures Studio.

INVESTMENTS

  • In June 2017, it was announced that Citi Ventures invested in Kinetica in a $50-million Series A funding round led by Canvas Ventures and Meritech Capital Partners.
  • In August 2017, it was announced that Citi Ventures invested in Appboy in a $50 million Series D funding round led by ICONIQ Capital.
  • In August 2017, it was announced that Citi Ventures invested in Homelight in a $40-million Series B funding round.
  • In February 2018, it was announced that Citi Ventures invested in UJET in a $25-million Series B funding round led by GV.
  • In February 2018, it was announced that Citi Ventures invested in HighRadius. Funding round and amount raised were not disclosed.
  • In April 2018, it was announced that Citi Ventures invested in Contguard. Funding round and amount raised were not disclosed.
  • In June 2018, it was announced that Citi Ventures invested in Immuta in a $20-million Series B funding round led by DFJ Growth.
  • In June 2018, it was announced that Citi Ventures invested in Unison Home Ownership Investors in a $40-million Series B funding round led by F-Prime Capital.
  • In July 2018, it was announced that Citi Ventures invested in PPRO Group in a $50-million round led by PayPal.
  • In July 2018, it was announced that Citi Ventures invested in Verodin in a $21-million Series B funding round led by TenEleven Ventures and Bessemer Venture Partners.
  • In July 2018, it was announced that Citi Ventures invested in ScaleFactor in a $10-million Series A funding round led by Canaan Partners and Broadhaven Ventures.
  • In August 2018, it was announced that Citi Ventures invested in Anaconda. Funding round and amount raised were not disclosed.
  • In October 2018, it was announced that Citi Ventures invested in Hopper in a $100-million Series D funding round.
  • In October 2018, it was announced that Citi Ventures invested in Ondot Systems. Amount invested was not disclosed.
  • In December 2018, it was announced that Citi Ventures invested in Pindrop in a $90-million Series D funding round led by Vitruvian Partners.
  • In January 2019, it was announced that Citi Ventures invested in Symbiont in a $20-million Series B funding round led by Nasdaq.
  • In February 2019, it was announced that Citi Ventures invested in Second Measure in a $20-million Series A funding round led by Bessemer Venture Partners and Goldman Sachs.
  • In February 2019, it was announced that Citi Ventures invested in Zūm in a $44-million Series C funding round led by BMW i Ventures.
  • In March 2019, it was announced that Citi Ventures led the $28-million Series C funding round for Honeybook.
  • In April 2019, it was announced that Citi Ventures invested again in Zūm. Amount invested was not disclosed.

PARTNERSHIPS

  • In May 2017, it was announced that Citi Ventures and Nasdaq teamed up to launch a new payment solution that integrates blockchain and global banking.
  • In May 2017, it was announced that Citi Ventures and IDEO CoLab teamed up to introduce Mosaic Digital Identity Lab.
  • In July 2017, it was announced that Citi Ventures and Cornell partnered to build stronger relationships between industry and academia.
  • In October 2017, it was announced that Citi Ventures and StartOut teamed up to launch the Global LGBTQ Entrepreneur Network.
  • In January 2018, it was announced that Citi Ventures partnered with 12 universities in the United States to launch the Citi® University Partnerships in Innovation & Discovery (CUPID) program.
  • In June 2018, it was announced that Citi Ventures and Computershare collaborated to introduce a new digital proxy voting platform.
  • In October 2018, it was announced that Citi Ventures and Howard University teamed up as a result of the expansion of the CUPID program.
  • In December 2018, it was announced that Citi Ventures and Hyperledger partnered to promote the advancement of blockchain technologies.


Part
05
of seven
Part
05

Citi Ventures

In February 2018, Citi Ventures completed its 50th investment. The entirety of the requested information that was available about Citi Ventures is included in the attached spreadsheet. Below is a brief overview of our research findings, followed by an explanation of our research methodology, which explains why some of the information was not available for and does not apply to Citi Ventures.

FINDINGS

  • Citi Ventures has over 40 portfolio companies.
  • Of those portfolio companies, more than 60% are either commercialized or piloted.
  • The number of ecosystem meetings that Citi Ventures participates in annually exceeds 1,000.
  • In November 2018, one of Citi Ventures' portfolio companies, Cylance, was acquired by Blackberry.
  • In April 2018, one of Citi Ventures' portfolio companies, DocuSign, became part of the NASDAQ.

YOUR RESEARCH TEAM APPLIED THE FOLLOWING STRATEGY:

Because Citi Ventures is the venture capital arm of Citigroup, information about consumer highlights, corporate and investment bank highlights, commercial banking highlights, and asset and wealth management highlights weren't available and don't apply to it, as they would for a bank or financial institution. We did, however, find a lot of information about Citi Ventures' key developments and some 2018/2019 financial highlights. We found most of that information directly on Citi Ventures' website in the perspectives section, specifically within the all perspectives, news, and press release sections. We also found some of the information we included in the "About Citi Ventures" section of the website. Together, those sources provided us with the applicable information about Citi Ventures.
Part
06
of seven
Part
06

Goldman Sachs 1

Goldman Sachs has about 36,600 employees all over the world. The company recently hired Fatoy Akbay and Lauren Ash to join its management team in various divisions as part of its new strategy to include more women in its hiring. More information required on Goldman Sachs concerning its key hires, partnerships and key investments has been entered into column E, rows 2-6 of the attached spreadsheet.

TEAM SIZE AND KEY HIRES

  • Goldman Sachs does not have a Chief Innovation Officer. John Madsen is the closest executive to the position as the Chief Technology Officer.
  • Goldman Sachs had 36,600 employees as of December 2018.
  • In April 2019, Goldman Sachs hired Fatos Akbay and Lauren Ash to join its strats/structuring team and sales team respectively.
  • In January 2019, Goldman Sachs hired Eleanor Beasley (an expert in the structure of the stock market) as the European head of market structure and regulatory strategy. Beasley was working for Morgan Stanley before his new role at Goldman Sachs.
  • In April 2019, Goldman Sachs hired Osama al-Ayoub to take up the role of a regional adviser to the Middle East and North Africa (MENA) region. Ayoub was the president and chief executive of the Kuwait Investment Office (KIO).
  • Goldman Sachs in May 2019 hired Cedric Lucas, a former head of energy and infrastructure team at KKR, to take up a similar role at the investment bank.
  • Luc Teboul (Ex-Data Engineering Head of JP Morgan) was in January 2019 hired by Goldman Sachs to head the bank's consumer and commercial banking technology division. -In October 2018, David Solomon was hired as the bank's new chief executive as a replacement, for the outgoing boss Lloyd Blankfein.
  • In September 2018, Goldman named John Waldron as the President and Chief Operating Officer, Stephen M. Scherr to become Chief Financial Officer and R. Martin Chavez as the Vice Chairman of the bank and Co-head of the securities' division.
  • Maria Silvia Bastos was in February 2018 named President and CEO of Goldman Sachs Brazil.

KEY PARTNERSHIPS

  • In March 2019, Apple announced a partnership between its credit cards and Goldman Sachs's MasterCard. The iPhone credit cards will utilize the MasterCard network.
  • In May 2019, Goldman Sachs announced that it would be partnering with Investec to expand to South Africa to tap into fast economic growth in Africa. In August 2018, Goldman announced a partnership between Marcus by Goldman Sachs and Housecanary to launch Home Addition Calculator.
  • In May 2018, Goldman Sachs announced a partnership between its 10,000 women program and IFC (The Women Entrepreneurs Opportunity Facility) to invest $1 billion in women entrepreneurs in emerging markets.
  • According to a press release by Goldman Sachs in November 2017, Goldman entered into a partnership with China Investment Corporation in the establishment of a $1 billion fund to invest in United States companies.

KEY INVESTMENTS

  • Goldman Sachs together with One Peak Partners in May 2019 made investments in May 2019 worth €80 million to the Healthcare platform DocPlanner founded in Poland.
  • Goldman Sachs Group Inc. alongside other banks made investments of up to $1.335 billion to China's most valuable start-up Bytedance Ltd.
  • BlackBuck in May 2019, closed a $150 million round of equity funding led by Goldman Sachs and Accel.
Part
07
of seven
Part
07

Goldman Sachs 2

In 2018, Goldman Sachs' net revenue was $36.6 billion. The requested information about Goldman Sachs is included in the attached spreadsheet. Below are our research findings about Goldman Sachs, followed by an explanation of our research methodology.

GOLDMAN SACHS HIGHLIGHTS

KEY DEVELOPMENTS

  • Goldman Sachs reached its 150th anniversary as a company in 2018.
  • The company is working on its own digital platform for payments and cash management, which will be available to the firm's corporate clients. The projected launch date for that platform is 2019.
  • In 2018, the company improved its efficiency ratio to 64%, which was a 2% improvement from the two years prior.
  • Deposits has been an area of emphasis for the firm and from 2017 through 2018, the firm achieved a $34 billion increase in such.
  • In 2018, the total investments made to the firm's Women Entrepreneurs Opportunity Facility exceeded $1 billion.
  • In its 2018 annual report, Goldman Sachs revealed its three-party strategy for future growth.
  • The first component of that strategy is to grow its existing business lines and strengthen client relationships.
  • The second part of the strategy involves diversifying its businesses.
  • The third component of the strategy for future growth is to become more efficient from a business operations' standpoint firmwide.

2018 FINANCIAL HIGHLIGHTS

  • Goldman Sachs' net revenue was $36.6 billion in 2018.
  • The firm achieved a 13.3% return on equity in 2018, which more than doubled its 4.9% rate in 2017.
  • In 2018, Goldman Sachs had a 14.1% return on tangible equity.
  • The firm's book value of equity per share in 2018 was 15%.
  • Goldman Sachs had $10.46 billion in net earnings in 2018, which was more than double its 2017 net earnings of $4.29 billion.
  • The firm's diluted earnings per common share in 2018 reached $25.27, which was over double its $9.01 amount in 2017.

CONSUMER HIGHLIGHTS

  • Goldman Sachs' total number of customers now exceeds 3 million.
  • Consumer deposits totaled $35.628 billion in 2018. That figure was nearly double the current deposits amount in 2017, which was $17.117 billion.
  • Goldman Sachs' total amount of consumer loans is approximately $5 billion.
  • Loan receivables rose significantly for Goldman Sachs in 2018 to $4.536 billion. That value far exceeded the loan receivables total in 2017, which was $1.912 billion.

CORPORATE & INVESTMENT BANKING HIGHLIGHTS

  • Goldman Sachs' net revenue in 2018 for investment banking was $7.862 billion. That value marks a 7% increase from 2017, which was $7.371 billion and from 2016 which was $6.273 billion.
  • The firm's Investment Banking division includes financial advisory, debt underwriting, and equity underwriting business lines.
  • The financial advisory business line revenue in 2018 was $3.507 billion. That value exceeded the amount in both 2017 ($3.188 billion) and 2016 ($2.932 billion).
  • Goldman Sachs' debt underwriting revenue in 2018 was $2.709 billion.
  • The firm's equity underwriting revenue was $1.646 billion in 2018, which exceeded that value in both 2017 ($1.243 billion) and 2016 ($891 million).
  • The firm's transaction volume for its underwriting and financial advisory lines combined in 2018 totaled $1.217 trillion for M&A deals completed. That value exceeded the amounts in both 2017 and 2016, which were $942 billion and $1.215 trillion respectively.
  • Goldman Sachs expanded its investment banking reach in 2018 by adding more senior investment bankers to its team, developing new ways for more clients to attain debt financing and equity capital, and added coverage to new companies (over 1,000). As a result, the company achieved about 95% coverage for new clients across the Europe, Middle East and Africa (EMEA) and Americas regions in 2018.

COMMERCIAL BANKING HIGHLIGHTS

  • Goldman Sachs' net revenue in 2018 for Institutional Client Services was $13.482 billion. That marked a significant 13% increase from 2017, when that revenue was $11.902 billion.
  • The Institutional Client Services division includes securities services, which brought in $1.710 billion to the firm in 2018. That marked an increase from 2017, when the net value of securities services was $1.637 billion.
  • Goldman Sachs' total equities within its Institutional Client Services in 2018 totaled $7.6 billion, which exceeded its $6.603 billion for the same in 2017.
  • The total loan amount within Institutional Client Services in 2018 was $94.006 billion, which surpassed the $80.810 billion the firm achieved in 2017.
  • Goldman Sachs' value of debt securities in 2018 within its Institutional Client Services was $11.215 billion. That value well exceeded the amount the firm achieved for the same in 2017, which was $8.797 billion.

ASSET & WEALTH MANAGEMENT HIGHLIGHTS

  • Throughout the previous five years, Goldman Sachs' net inflows from investment management have amounted to nearly $215 billion.
  • Goldman Sachs' net revenue in 2018 for investment management amounted to $6.514 billion. That total marked a 12% increase from 2017 when that amount was $5.803 billion and that amount in 2016 which was $5.407 billion.
  • The company is growing its Wealth Management segment by increasing its amount of collateralized lending and hiring more wealth advisors for private clients.
  • Goldman Sachs' transaction revenues within its Investment Management division totaled $754 million in 2018, which was a significant increase over the $658 million for the same in 2017 and $569 million in 2016.
  • The firm's total assets under supervision were $1.542 trillion in 2018. That amount was an increase from its $1.494 trillion attained in 2017.
  • The region with by far the most assets under management for the firm is the Americas, which accounted for $1.151 trillion in 2018.
  • Goldman Sachs' largest class of assets under management in 2018 was fixed income, which totaled $677 billion.

YOUR RESEARCH TEAM APPLIED THE FOLLOWING STRATEGY:

To find the above-mentioned requested information about Goldman Sachs, we accessed the firm's 2018 annual report. We used that fiscal year report because (1) it contains all of the requested information that we were looking for about the firm, (2) it is the most-recent source for such available, and (3) it provides extensive data directly from the firm itself. We found information about key developments at Goldman Sachs primarily from the introductory pages of the report, which provide an overview of the company, including a letter written by the CEO. We found information about the financial and business segment highlights from the sections of the report that applied to such (e.g. information about Investment Banking from the Investment Banking section).
Sources
Sources

From Part 01
From Part 04
Quotes
  • "Vanessa Colella is Citi’s Chief Innovation Officer and Head of Citi Ventures, focused on harnessing the power of Citi to help people, businesses, and communities thrive in a world of technological, behavioral, and societal change. Deeply integrated with Citi colleagues, clients, and the innovation ecosystem, Citi Ventures accelerates and discovers new sources of value by exploring, incubating, and investing in new ideas."
Quotes
  • "The partnership between Citi and Nasdaq leverages Chain's blockchain infrastructure platform and draws on core competencies from industry leaders who are at the forefront of innovation in the global financial sector. "
  • "This collaboration has created a pioneering institutional banking solution that tightly integrates blockchain technology with Citi's global financial network leveraging API technology."
Quotes
  • "Kinetica, provider of the world’s fastest GPU-accelerated relational database, today announced it has closed a $50-million Series A financing. The round was co-led by Canvas Ventures and Meritech Capital Partners, with participation from new investor Citi Ventures and existing investor Ray Lane of GreatPoint Ventures."
Quotes
  • "Citigroup Inc. ("Citi") today announced a collaboration with Cornell Tech, the revolutionary graduate institution, to engage with Cornell University students, faculty, researchers, startups and other companies, and create closer ties between academia and industry."
Quotes
  • "Appboy, the global leader in lifecycle engagement technology, today announced a $50 million Series D round of financing led by ICONIQ Capital, a growth equity investor and global multi-family office with recent investments in Houzz, InVision, and Sprinklr. "
Quotes
  • "HomeLight, the world’s leading marketplace for connecting home sellers with the best real estate agents, announced today that it has raised $40 million in Series B funding. Silicon Valley-based Menlo Ventures led the round with participation from new investor Citi Ventures, and existing investors Zeev Ventures, SGVC, Crosslink Capital and Innovation Endeavors."
Quotes
  • "StartOut, the largest national non-profit organization to support, educate and connect LGBTQ entrepreneurs, is proud to announce the launch of the Global LGBTQ Entrepreneur Network, powered by Citi Ventures. The Global Network empowers the LGBTQ community by connecting entrepreneurs and their business partners, investors, and mentors with each other, in a safe and secure environment."
Quotes
  • "Citi Ventures today announced the launch of Citi® University Partnerships in Innovation & Discovery (CUPID), a new program that engages and embeds students from leading universities in innovation efforts across Citi. Currently, more than 80 students from 12 U.S. universities are receiving course credit for their work in semester-long projects focused on emerging technologies such as machine learning, natural language processing, and big data analytics. "
Quotes
  • "UJET Inc., a real-time customer communications platform that makes it simple for any company to provide intuitive, modern-day support, today announced that it has raised a $25 million Series B round of funding led by GV (formerly Google Ventures). UJET has raised over $45 million to date and is leading the transformation in how today's call centers can leverage contemporary technologies to be more efficient and customer friendly. Citi Ventures, a new investor in UJET, also participated in the round, along with existing investors, Kleiner Perkins and DCM Ventures."
Quotes
  • "Citi Ventures and PNC announce their strategic investment in B2B payments and receivables software industry leader, HighRadius. "
Quotes
  • "Contguard, the leading provider of supply-chain shipment monitoring and business-intelligence services, announced today an investment from Citi Ventures and Canaan Partners Israel. The new funds will enable the company to build and scale its technology to continue to reinvent how the international trade industry gathers insights into product shipments."
Quotes
  • "Immuta today announced it has raised $20 million in Series B funding led by DFJ Growth, with participation from new investors, Dell Technologies Capital and Citi Ventures, and existing investors, Drive Capital and Greycroft. The investment will be used to accelerate global customer growth and extend product leadership for Immuta’s data management platform for artificial intelligence (AI)."
Quotes
  • "Unison Home Ownership Investors, the leading provider of home ownership investments, today announced its Series B raise of $40 million led by F-Prime Capital, joined by Citi Ventures and Royal Bank of Canada."
Quotes
  • "Following the successful production pilot, Citi has rolled out ProxymitySM, an innovative digital proxy voting platform developed through Citi's D10XSM program. As a result of the collaboration between Citi and Computershare, the global market leader in share registration and meeting services, both organizations are able to deliver meaningful and measurable voting-related benefits to institutional investors and public companies."
Quotes
  • "PPRO Group, a UK-headquartered cross-border e-payment specialist, today announced a $50 million USD investment round led by PayPal with participation from Citi Ventures and return investor HPE Growth Capital."
Quotes
  • "Verodin, the leader in validating the effectiveness of cybersecurity controls, today announced $21M in Series B funding led by TenEleven Ventures and Bessemer Venture Partners (BVP). Capital One Growth Ventures, Citi Ventures and all existing investors participated in the round. "
Quotes
  • "ScaleFactor, the smart finance and accounting platform that enables businesses to operate in real-time, today announced a $10 million Series A funding round led by Canaan Partners alongside Broadhaven Ventures, Citi Ventures, Next Coast Ventures, Flyover Capital, Firebrand Ventures and strategic angel investors. The new capital will be allocated to expanding ScaleFactor’s marketing and business development teams as well as investing heavily in enhancing technology offerings on its modern accounting platform for SMBs."
Quotes
  • "Citi Ventures today announced an expansion of its Citi® University Partnerships in Innovation & Discovery (CUPID) program with Howard University School of Business to engage and embed students in innovation efforts across Citi."
Quotes
  • "Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, today announced Alibaba Cloud, Citi, Deutsche Telekom, we.trade and 12 more organizations have joined the project. "
Quotes
  • "Second Measure, a technology company that analyzes billions of everyday purchases to answer real-time questions about consumer behavior, announced it has closed $20 million in a Series A funding round. Co-led by Bessemer Venture Partners and Goldman Sachs, and joined by Citi Ventures, the funding will be used to support Second Measure's continued product innovation, rapid growth, and expansion of its technical team."
Quotes
  • "Zūm, the leading logistics platform for safe and reliable rides for school districts and busy families, today announced it secured additional funding from new investor Citi Ventures to help double its national footprint by 2020, starting with newly available service in Dallas, Texas."
From Part 05
From Part 06