Citi Accelerator Overview
Citi Accelerator is a program designed for fintech, data analytics, AI, cybersecurity, and enterprise start-ups. The program is focused on advanced stage companies that have a working product and preferably multiple clients. The companies participating in the program receive the opportunity to gain access to Citi worldwide as well as to its network. The companies are mentored by key decision-makers from the bank worldwide. The goal of the mentorship is to understand how to best tailor a product to a large financial organizations needs, as well as to define and access relevant customers, and may potentially result in pilots or POCs with Citi or other companies. The Citi Accelerator program is free of charge, and no equity is taken.
Latest News
growth-positive
Citi Accelerator TLV announces companies taking part in 10th cohort
Citi has announced the start of its 10th cohort of the Citi Accelerator TLV, a program designed to help startups in the fintech, cyber, and data space. The new cohort brings the total number of participants to over 100, with more than $1.3 billion raised since the accelerators launch in 2013. The program aims to assist startups with a fast track into Citi and provide a better understanding of financial institutions globally. The 10th cohort focuses on areas like AI, cybersecurity, insurance, and money laundering. The participants will have access to Citi executives and its global network.
PartnersInvestment
growth-positive
Citi's Most Promising Israeli Fintech Startups for 2020
Citi accelerator, in collaboration with Israeli Discount bank, Intuit, and Visa, published a list of Israels most promising fintech startups. The list includes startups in various categories related to the fintech industry. Venture capital funds were asked to select the most promising companies in each category. The article highlights the top-ranked startups in each category, such as Rapyd Financial Networks, Trigo Vision, Capitolis, Chargeafter, Lemonade, Silverfort, BioCatch, Guesty, WalkMe, Unbound Tech, and Explorium. The article also mentions the growth of Israels fintech market and the potential for consolidation between fintech and traditional banks. The event took place at Citis fintech innovation lab in Tel Aviv.
PartnersInvestment
growth-positive
https://www.jpost.com/israel-news/citibanks-israeli-innovation-ensures-bank-stays-ahead-of-rivals-576441
Citi has experienced growth-positive impact from its fintech innovation activities in Israel. The company established its first Fintech Innovation Lab in Tel Aviv in 2011 and has since opened labs in other locations. Citi employs more technologists than bankers in Israel and has opened additional labs focused on big data and security. The banks Citi Accelerator program for Israeli start-ups has assisted 80 companies, who have collectively raised over $650 million in funding. Citi Ventures, the banks global corporate venturing arm, has also opened a branch in Tel Aviv to directly invest in Israeli companies. Citis innovation success in Israel has impressed bank executives and continues to drive growth.
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growth-positive
Israeli Pitch Dark Startup Contest Winner Gets Spot in the Limelight
Avenews-GT, an agricultural produce trading platform that uses blockchain technology, won a startup competition hosted by Citigroup. The competition, called Pitch in the Dark, was held in collaboration with Visa, Israel Discount Bank Ltd., and Nasdaq-listed software company Intuit Inc. Avenews-GT aims to connect industrial buyers directly with farmers and provides management, logistics, and financial tools to smaller sellers. The second-place winner was Ladingo Ltd., which develops a system for optimizing cargo containers, and the third-place winner was EasySend Ltd., which helps businesses turn document-based transactions into digital processes. The competition was held in Tel Aviv and the judges included representatives from Citi, Deutsche Telekom, Arbor Ventures, and other venture capital firms.
Partners
growth-positive
A Look at What Citi's Cooking at Its Citi Innovation Lab Finance Magnates
The Citi Innovation Lab in Tel Aviv, a fintech development center opened by Citibank, has helped startups attract more than $550 million in investment. The accelerator program runs for four months, during which ten startups receive free office services and mentorship from selected people in the Citigroup organization. The center works on a wide range of areas including cybersecurity, fraud detection, capital markets, trading, AI, data analytics, and regulation. The bank is also looking into blockchain technology and its potential applications in trading and finance.
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Team Members
0
Web & Social Links
| Website | www.citi.com/ventures |
Locations
Sarona, Tel Aviv-Yafo, Israel
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