Citi

Citigroup is a global financial services holding company that offers a wide range of financial products and services through two primary segments: Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment provides traditional banking services to retail customers, including retail and commercial banking, as well as Citi-branded cards and retail services. The ICG segment caters to corporate, institutional, public sector, and high-net-worth clients, offering services such as corporate lending, investment banking, advisory services, and various wholesale banking products. With a commitment to sustainability and social responsibility, Citigroup invests in initiatives that foster economic progress. The company has a global presence, with offices in major financial centers worldwide, enabling it to support clients through innovative solutions and expertise.

Krishna Balachanader

Managing Director

Karine Ben-Simhon

VP Intelligence Partnerships and Innovation

Matt Carbonara

Managing Director

Kateryna Chupryna

Director

Robert Li

Vice President, Citi Ventures

Blaze O'Byrne

Vice President, Venture Investing

Arvind Purushotham

Founder&Managing Director and Global Head

Cece Stewart

President

Kate Sullivan

COO

Avery Tiras

Equity Research Senior Associate

Luis Valdich

Managing Director, Venture Investing

Past deals in Western Asia

NEOM

Debt Financing in 2025
NEOM Company, founded in 2019 and based in Riyadh, Saudi Arabia, is focused on real estate development and aims to create a groundbreaking urban environment. The company seeks to bring together diverse communities and foster growth across various sectors through innovative solutions. By promoting economic development and progressive governance, NEOM aims to establish a foundation for a sustainable and healthy lifestyle, positioning itself as a leader in transformative urban planning.

Colendi

Series B in 2024
Colendi GmbH, founded in 2016 and based in Zug, Switzerland, specializes in credit evaluation and microcredit scoring services through a decentralized, blockchain-based platform. As a leading financial technology group in Türkiye, it operates a multifunctional digital banking platform that aims to redefine traditional banking standards. Colendi's services leverage advanced scoring algorithms and artificial intelligence to optimize the delivery of financial services, making them accessible to a diverse range of users, including both banked and unbanked individuals. The company is currently planning to raise over USD 150 million in a Series C funding round by the end of 2024, furthering its mission of promoting financial freedom and inclusion through user-friendly products.

BlaBlaCar

Debt Financing in 2024
BlaBlaCar is a leading long-distance carpooling platform that connects drivers with available seats to passengers seeking rides. By facilitating shared journeys, it enables users to save on travel costs while also reducing their carbon footprint. The platform emphasizes security and trust, featuring verified member profiles and the unique ability for users to indicate their preferred level of conversation during rides. Operating in 22 countries, including nations across Europe, Russia, Turkey, Mexico, Brazil, and India, BlaBlaCar fosters a global network of drivers and passengers. The company is headquartered in Paris and offers both a website and mobile applications to streamline the connection process between users.

Kasa Living

Series C in 2023
Kasa Living, Inc. is a real estate company that specializes in rental accommodation booking services through an online platform. Founded in 2016 and based in San Francisco, California, the company partners with owners of multifamily and boutique hospitality properties to transform underutilized real estate into professionally managed rentals that cater to both business and leisure travelers. Kasa Living offers a range of services, including hotel check-in and apartment bookings, as well as property management. Its accommodations are available in various states across the United States, including Virginia, Georgia, Texas, and California, among others. Kasa Living aims to create a global accommodations brand by providing travelers with efficient access to affordable, home-like lodging options.

Greenwood

Series B in 2022
Greenwood is a financial technology firm based in Atlanta, Georgia, that operates a digital banking platform aimed at serving Black and Latinx individuals and business owners. Founded in 2020, Greenwood offers a range of financial services, including savings and spending accounts, mobile deposits, peer-to-peer transfers, and early payroll access. The platform emphasizes community reinvestment and provides access to a global network of automated teller machines. With a commitment to innovative banking solutions, Greenwood also features a distinctively designed black metal debit card for its customers.

AccessFintech

Series C in 2022
AccessFintech Limited is a fintech company that specializes in risk management services for the global financial industry, including banks and buy-side firms. Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company offers a platform that aggregates data from various internal systems, vendors, and reports, providing users with a unified portal. This system enables clients to track the entire trade lifecycle, prioritize risks, and respond to market changes effectively. AccessFintech’s technology creates a comprehensive visual display of potential risks associated with financial transactions, facilitating collaboration across organizations. The platform also supports control functions that allow managers to identify bottlenecks and intervention points while tracking usage patterns to enhance operational efficiency. By connecting financial firms with fintech providers, AccessFintech helps organizations streamline their processes and optimize their risk management strategies.

FundGuard

Series B in 2022
FundGuard Inc. is a technology company that specializes in developing an artificial intelligence-powered, cloud-based platform for investment management and administration. The FundGuard platform is designed to assist asset and fund managers in overseeing investments across various categories, including mutual funds, ETFs, hedge funds, insurance, and pension funds. Utilizing advanced AI and cloud technology, the platform automatically detects financial anomalies, resolves exceptions, and offers recommendations to enhance operational performance. By providing real-time transparency, FundGuard enables asset managers and fund administrators to transform their product offerings into more efficient digital experiences. Founded in 2018, the company is headquartered in Palo Alto, California, with an additional office in Tel Aviv, Israel.

ChargeAfter

Series B in 2022
ChargeAfter Ltd operates a consumer financing platform that connects merchants with a network of global lenders to provide personalized and responsible financing options at the point of sale. Founded in 2017 and headquartered in Ramat Gan, Israel, with additional offices in California and New York, the company offers a data-driven decisioning engine that facilitates real-time financing offers tailored to various consumer credit types. This approach enables approvals for nearly all customer applications, enhancing the shopping experience for consumers while allowing retailers to implement the platform quickly both online and in-store. ChargeAfter’s platform features detailed transaction reporting and white-label options, enabling merchants to seamlessly integrate multiple financing products into their sales processes. By streamlining credit distribution, ChargeAfter helps merchants boost conversion rates, increase average order values, and foster customer loyalty.

PadSplit

Series B in 2021
PadSplit is an affordable housing tech startup that provides a house-sharing service for the workforce. It offers a platform that aligns incentives among residents, property owners, and communities to make affordable housing possible for the private market. The company uses shared living to make housing more affordable for low-income, empowering them to build savings and transform their lives. Atticus LeBlanc established the company in Atlanta, Georgia in 2017.

AccessFintech

Series B in 2020
AccessFintech Limited is a fintech company that specializes in risk management services for the global financial industry, including banks and buy-side firms. Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company offers a platform that aggregates data from various internal systems, vendors, and reports, providing users with a unified portal. This system enables clients to track the entire trade lifecycle, prioritize risks, and respond to market changes effectively. AccessFintech’s technology creates a comprehensive visual display of potential risks associated with financial transactions, facilitating collaboration across organizations. The platform also supports control functions that allow managers to identify bottlenecks and intervention points while tracking usage patterns to enhance operational efficiency. By connecting financial firms with fintech providers, AccessFintech helps organizations streamline their processes and optimize their risk management strategies.

PadSplit

Series A in 2020
PadSplit is an affordable housing tech startup that provides a house-sharing service for the workforce. It offers a platform that aligns incentives among residents, property owners, and communities to make affordable housing possible for the private market. The company uses shared living to make housing more affordable for low-income, empowering them to build savings and transform their lives. Atticus LeBlanc established the company in Atlanta, Georgia in 2017.

AccessFintech

Series A in 2018
AccessFintech Limited is a fintech company that specializes in risk management services for the global financial industry, including banks and buy-side firms. Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, the company offers a platform that aggregates data from various internal systems, vendors, and reports, providing users with a unified portal. This system enables clients to track the entire trade lifecycle, prioritize risks, and respond to market changes effectively. AccessFintech’s technology creates a comprehensive visual display of potential risks associated with financial transactions, facilitating collaboration across organizations. The platform also supports control functions that allow managers to identify bottlenecks and intervention points while tracking usage patterns to enhance operational efficiency. By connecting financial firms with fintech providers, AccessFintech helps organizations streamline their processes and optimize their risk management strategies.

Ondot Systems

Corporate Round in 2018
Ondot Systems, Inc. is a technology company that specializes in mobile card service platforms designed for financial institutions, including banks and credit unions. Founded in 2011 and headquartered in San Jose, California, with additional operations in Atlanta, Georgia, Ondot provides a range of solutions to enhance cardholder engagement. Its offerings include CardControl, which allows consumers to manage card settings and usage preferences, and CardAlerts, enabling users to receive transaction alerts. The Self Service feature lets consumers access detailed information about their cards and accounts on-the-go. Additionally, Ondot offers mConsole for product managers to track product adoption and troubleshoot issues, Fraud Watch for monitoring potential fraud, and a Card App that provides spending insights. The company's services aim to improve customer engagement and transparency for both physical and virtual cards, ultimately increasing the value of cardholder relationships.

Contguard

Series A in 2018
Contguard Ltd. is a company that specializes in developing a software platform for real-time shipment monitoring and business intelligence services for global logistics. Founded in 2012 and based in Kfar Saba, Israel, Contguard utilizes Internet of Things (IoT) technology, data analytics, and artificial intelligence to enhance supply chain management. The company installs monitoring units in maritime containers to track cargo locations and conditions, providing clients with timely updates on deviations from planned routes, arrival and departure times, temperature and humidity levels, and alerts for container intrusions or impacts. Its cloud-based platform facilitates a multiplatform client interface, allowing for comprehensive cargo management and actionable insights to optimize supply chain operations.

Contguard

Venture Round in 2018
Contguard Ltd. is a company that specializes in developing a software platform for real-time shipment monitoring and business intelligence services for global logistics. Founded in 2012 and based in Kfar Saba, Israel, Contguard utilizes Internet of Things (IoT) technology, data analytics, and artificial intelligence to enhance supply chain management. The company installs monitoring units in maritime containers to track cargo locations and conditions, providing clients with timely updates on deviations from planned routes, arrival and departure times, temperature and humidity levels, and alerts for container intrusions or impacts. Its cloud-based platform facilitates a multiplatform client interface, allowing for comprehensive cargo management and actionable insights to optimize supply chain operations.

Illusive Networks

Series B in 2016
Illusive Networks Ltd. specializes in developing cybersecurity solutions focused on deception technology to prevent cyber attacks on enterprise systems. By creating a deceptive environment within existing networks, Illusive effectively identifies attackers, disrupts their activities, and provides actionable forensic insights. The company's offerings include compliance support, insider threat defense, and cloud security services, along with a comprehensive management platform that integrates various modular components for centralized cybersecurity management. Its Active Defense technology enhances security by removing vulnerable connections and replacing them with deceptive alternatives, allowing organizations to detect advanced persistent threats and prevent lateral movement by attackers. Founded in 2014 and based in Tel Aviv-Yafo, Israel, with an additional office in New York, Illusive serves clients across several industries, including finance, healthcare, legal, manufacturing, retail, and technology. The company, spun out from the venture group Team8, leverages expertise from veterans of Israel’s military intelligence to support its innovative approach to cybersecurity.

Illusive Networks

Series B in 2015
Illusive Networks Ltd. specializes in developing cybersecurity solutions focused on deception technology to prevent cyber attacks on enterprise systems. By creating a deceptive environment within existing networks, Illusive effectively identifies attackers, disrupts their activities, and provides actionable forensic insights. The company's offerings include compliance support, insider threat defense, and cloud security services, along with a comprehensive management platform that integrates various modular components for centralized cybersecurity management. Its Active Defense technology enhances security by removing vulnerable connections and replacing them with deceptive alternatives, allowing organizations to detect advanced persistent threats and prevent lateral movement by attackers. Founded in 2014 and based in Tel Aviv-Yafo, Israel, with an additional office in New York, Illusive serves clients across several industries, including finance, healthcare, legal, manufacturing, retail, and technology. The company, spun out from the venture group Team8, leverages expertise from veterans of Israel’s military intelligence to support its innovative approach to cybersecurity.

SEW Infrastructure

Private Equity Round in 2007
SEW Infrastructure Limited is an established construction and engineering firm based in Hyderabad, India, with additional offices in various countries including Ethiopia, Singapore, and Oman. Founded in 1959, the company specializes in a wide range of infrastructure projects, including the construction of tunnels, hydropower and thermal power plants, dams, lift irrigation systems, canals, and power transmission networks. SEW Infrastructure also engages in public health engineering, transportation services, and the development of commercial buildings and industrial structures. The firm is involved in build-operate-transfer projects and provides innovative engineering, procurement, and construction services, aiming to deliver cost-effective solutions across diverse sectors, including mining, oil, and gas.
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