ChargeAfter, a fintech company, has partnered with Citi Retail Services, a major provider of credit cards and payment solutions in North America. Their Lending Hub platform will power Citi Pay products, improving the checkout experience. Meidad Sharon, ChargeAfter’s CEO and Technion alumnus, leads the initiative.
Israeli-created fintech company ChargeAfter has been chosen by Citi Retail Services, one of North America’s largest providers of credit cards and payment solutions, to provide the technology for its Citi Pay products.
ChargeAfter, which was founded in 2016, today has its R&D center in Tel Aviv and business offices in New York. Its comprehensive Lending Hub platform allows financial institutions to streamline their entire system from development to distribution.
The company’s investors include Visa, PICO Venture Partners and Citi Ventures.
Citi Retail Services is part of Citigroup, one of the “Big Four” US banking institutions and the third largest in the country.
“We are excited to join forces with Citi Retail Services, leveraging elements of ChargeAfter’s Lending Hub to empower and support the Citi Pay family of digital payment products to meet the evolving demands of the merchant community. This collaboration is an affirmation of the capabilities of our Lending Hub for leading payment providers,” said ChargeAfter founder and CEO Meidad Sharon.
“Our nimble, cutting-edge technology and rapid go-to-market tools for banks position us to support Citi Retail Services in expanding its Citi Pay products and enhance the customer experience at checkout,” he said.
“Our collaboration with ChargeAfter enables us to quickly and seamlessly embed Citi Pay products into our merchant partners’ point-of-sale, which furthers Citi’s more than 30-year commitment to providing merchants and consumers with the secure and flexible payment options they desire,” said Terry O’Neil, Head of Connected Commerce and Strategic Growth Initiatives for Citi Retail Services.