Citi, Carlyle Partner Up to Lend And Invest in Fintech Startups
The arrangement allows Carlyle and Citi to invest side-by-side in these startups and eventually arrange their public asset-backed bonds.
Photographer: SeongJoon Cho/BloombergCitigroup Inc. and Carlyle Group Inc. are teaming up to provide debt and equity financing to growing financial technology firms, looking to take advantage of the booming asset-backed finance market.
The two firms inked an agreement that will allow them to co-invest in young companies and the financial assets they originate, such as consumer loans, according to an emailed statement.