Colendi completed the acquisition of SETL from Citigroup.

Colendi, a fintech services platform, completed the acquisition of SETL, a London-based blockchain settlements and payments provider, from Citigroup, an American multinational investment bank and financial services corporation. Financial terms were not disclosed. “Colendi is exactly the right partner for us. Their phenomenal growth shows that they understand and embrace the changes that are sweeping financial services. We bring the right technology at the right time to create a global decentralised network which can execute our joint vision,” David Walker, SETL Chairman.