citigroup

  • Citibank Is Working On Its Own Digital Currency, Citicoin

    Citibank Is Working On Its Own Digital Currency, Citicoin

    In a move that should be of no surprise to anyone familiar with the space, Citibank has admitted to running a test platform for digital currencies and is pondering its own solution, CitiCoin. According to the International Business Times, Citigroup has built its own digital currency based on bitcoin and the blockchain. This, in itself, isn’t very difficult – anyone can create a… Read More

  • Citi Backs Gift Card Exchange Plastic Jungle

    Citi Backs Gift Card Exchange Plastic Jungle

    Plastic Jungle, which operates an online gift card marketplace, has received a strategic investment from Citi Ventures, Citigroup’s investment arm. The size of the capital injection was not disclosed. The startup has previously raised over $23 million in financing from Jafco Ventures, Shasta Ventures, Redpoint Ventures and First Round Capital, among others. Read More

  • Citigroup Joins Andreessen Horowitz In Backing Fraud Analytics Firm Silver Tail Systems

    Citigroup Joins Andreessen Horowitz In Backing Fraud Analytics Firm Silver Tail Systems

    Silver Tail Systems, a provider of predictive analytics for detection and prevention of online fraud, this morning announced that it has secured an additional round of funding from Citi Ventures, a unit of Citigroup. This investment, the size of which was not disclosed, is part of a previously announced $20 million Series B funding round led by Andreessen Horowitz (closed in June). Read More

  • Tale of Two Cities: Citigroup Commits $40 Million To Financing SolarCity Projects

    SolarCity, a company that designs, installs and secures financing to put solar power generating systems in homes in North America, keeps reeling in the financial partners. This time, the San Mateo, Calif.-based startup convinced Citigroup to finance $40 million in U.S.-based home solar projects in 2011, a representative from Citigroup confirmed. The chief executive of Solar City, Lyndon… Read More