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Rextie

“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?”

Founded2016
HQSan Isidro, Lima, Peru
FoundersMateu Batle (CEO), COO / Founder (name not publicly disclosed), CFO / Founder (name not publicly disclosed)
Total raised$1.4M+
Latest roundStrategic investment by Citi (undisclosed amount, plus prior round from Grupo RPP)
IndustryFintech / Cross-border payments
The story

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.

Last 12 months
2025-03
2025-05
Product timeline
2016
Rextie founded as Peru's first online currency exchange platform (casa de cambio online).· pivot
2021
Recognized as one of the largest digital foreign exchange services in Latin America; angel investors including Culqi founder Amparo Nalvarte noted.· banking
2022
Citi made a strategic investment in Rextie — the first fintech investment by Citi in Latin America — and integrated CitiFX Pulse and Instant Payments into the Rextie platform.· banking
2023
Rextie won 'Empresa exportadora de servicios líder en política de equidad de género' at Peru Service Summit 2023; CEO Mateu Batle published analysis on LatAm startup/capital markets.· pivot
2024
Launched Rextie Business Visa card product and expanded B2B services including Factoring and Confirming for SME clients.· card
2025
Launched international factoring product and integrated RUC (Peruvian tax ID) validation into onboarding for business clients.· lending
Regulated entities
1
regulatory licence held by Rextie
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Rextie’s embedded-finance stack
Card network
Visa
Lending
in the full report
FX & payouts
in the full report
Accounting gap: significant
4 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.