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Citi Ventures' global head details why proptech and wealth tech are among the areas he see the most opportunity for investments

Mount Equity Group Tokyo, Japan > News > Markets > Citi Ventures' global head details why proptech and wealth tech are among the areas he see the most opportunity for investments

Startups in the wealth management space are a key focus of Citi Ventures’ Arvind Purushotham.

Arvind Purushotham is the global head of Citi Ventures, the venture-investing arm of Citigroup. Purushotham said property tech, embedded trade finance, and wealth tech are all primed to grow. This year is set to be Citi Ventures most active in its 10-year history. See more stories on Insider’s business page.

As Citi Ventures celebrates its 10-year anniversary, Insider sat down with Arvind Purushotham, its global head, to discuss how the investing team is looking to compete in the increasingly competitive private markets.

This year is set to be Citi Venture’s most active in its history, Purushotham said. The group, which is the venture investing arm of Citigroup, is also adapting its strategy to look at a broader set of companies that can be integrated within Citigroup’s many lines of business.

Purushotham laid out three areas that he says are primed for significant growth and that align with Citi’s strategic ambitions as a global bank.

Property tech

Citi Ventures solidified proptech as a vertical investment area at the end of 2019, just