Peruvian Fintech Company Rextie Reaches $5 Billion in Transactions

After 7 years of operations, Rextie, the Peruvian online foreign exchange house, reached $5 billion in transaction volume with its clients. This achievement places the fintech company as the No. 1 force in the domestic foreign exchange market, in addition to being the first online exchange house to have the investment of Citi, the global leader in the foreign exchange market.

Since its inception in 2016 to date, Rextie has 13,000 companies and close to 170,000 people registered, for which it has carried out 1.6 million successful operations, generating savings of $1 million for its customers, due to its platform for currency exchange operations, which integrate exchange rates without hidden commissions. Among the sectors that exchange dollars the most are wholesale and retail trade, vehicle repair, manufacturing, transportation and warehousing, information and communications, and scientific and technical professional activities.

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Rextie is the first online exchange house to have the investment of Citi

“This has been a challenging year due to the economic climate. However, at Rextie we have held firm to our strategic vision and strengthened our presence in the small and medium-sized business market. As CEO, I am excited to share these results which are a reflection of the valuable work of the team and the advanced technology we employ, as well as the trust our customers and investors have placed in us. As we celebrate this success, we remain committed to improving and expanding our services,” said Mateu Battle, CEO and co-founder of Rextie.

For Matías Maciel, CFO & co-founder of Rextie, this achievement reaffirms its position as a category leader in the country. “This is evidence of why we are the leading fintech preferred by Peruvian small and medium-sized companies for their dollar exchange operations. Citi’s recent strategic investment in the company allows us to be very optimistic about the improvements and additions coming to our service, always with the client at the center and as one of the most benefited.”

“We continue to focus on the main needs of our clients, obtaining the best price with attention to operations in the shortest time possible and maintaining security throughout their operation,” highlights Claudia Quintanilla, COO and co-founder of Rextie.

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(Featured image by Austin Distel via Unsplash)

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First published in America economia. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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