“Can Peru's leading online FX house expand from currency exchange into a full financial services suite for Peruvian SMEs, leveraging Citi's global FX infrastructure for pricing advantage?”
Founded in 2016, Rextie started as a purely consumer-facing online currency exchange (PEN/USD) in Peru, digitizing an industry previously dominated by street-side cambistas and bank branches. After gaining 250,000+ retail customers, the company expanded into the B2B segment with Rextie Business, offering preferential FX rates and financial advisory to 17,000+ companies. The Citi strategic investment in 2022 — the first fintech investment by Citi in Latin America — supercharged its liquidity and FX pricing via CitiFX Pulse integration. Rextie is now expanding its product suite beyond pure FX into supply-chain finance (Factoring, Confirming) and a business Visa card, positioning itself as a financial services hub for Peruvian SMEs.
Rextie's cards run on Visa.
Rextie uses Citi for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 3 layers in Rextie's stack: Card network (Visa); Lending (Rextie Factoring, Confirming (accounts-payable financing) and Factoring Internacional); FX & payouts (Citi).
Rextie was founded by Mateu Batle (CEO), COO / Founder (name not publicly disclosed) and CFO / Founder (name not publicly disclosed) and is founded in 2016, headquartered in San Isidro, Lima, Peru.
Rextie has raised $1.4M+ in total (latest round: Strategic investment by Citi (undisclosed amount, plus prior round from Grupo RPP)).
Get a read on where your own stack stands against Rextie and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.