LiquidX Finalizes Investment from Citi

LiquidX, a global financial technology platform for digitization, monetization and risk mitigation for working capital, trade finance and insurance assets, finalized a strategic investment from Citi. The funding round was led by Broadridge, LiquidX’s largest strategic investor. 

The investments underscore LiquidX’s position in supply chain digitization and automation. LiquidX technology solutions, led by its InBlock technology platform, revolutionize the way that trade assets are managed across their entire life cycle.

“We are committed to delivering innovative solutions that enable our clients to transact without friction. In today’s digital world, that means bringing supply chain networks into a connected, digital environment. 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,” Sandeep Arora, head of digital and chief investment officer for Citi’s institutional clients group, said.

“As lead investor in LiquidX, the team at Broadridge and I are delighted to welcome Citi as a strategic partner which will enable LiquidX to reach its limitless potential and deliver much-needed fintech solutions for trade optimization,” Chris Perry, president of Broadridge, said. “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.”

“We are delighted to welcome Citi as an investor,” Jim Toffey, CEO of LiquidX, said. “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.”