Arteria features a collection of product modules that can be utilized to assist draft, negotiate and analyse documentation and contracts. In contrast to commonplace digital doc platforms, Arteria was constructed to satisfy the precise necessities of the institutional banking and buying and selling sector.
The package deal is tailor-made to work throughout a number of enterprise product traces, from main and secondary capital markets, to lending, prime brokerage, structured finance, transaction banking and personal fairness.
Katya Chupryna, head of Citi’s Unfold Merchandise Funding Applied sciences, says: “Our funding in Arteria AI aligns with our technique, as the corporate’s differentiated expertise is each broadly relevant to a number of Citi companies together with new issuance for structured credit score and accretive to our broader ecosystem of portfolio corporations.
“The corporate has already gathered vital traction with established monetary establishments, demonstrating the immense utility of their expertise. A strategic funding into Arteria additionally represents an awesome alternative to help a female-founded and led enterprise FinTech firm.”
The unspecified funding follows Arteria AI’s Sequence A spherical in April 2021, the place it raised $11m simply 5 months after the corporate’s inception as an impartial enterprise.,Arteria AI, a doc and contract administration spin out from Deloitte, has obtained investments from the strategic investing arm of Citi’s International Unfold Merchandise division, and Canada’s BDC Capital.,
