Asset Manager

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Citcon

Citcon is a payment platform that simplifies global payments for businesses. It integrates over 100 payment methods into a single platform, making payments...

Citcon

Citcon is a payment platform that simplifies global payments for businesses. It integrates over 100 payment methods into a single platform, making payments simpler and faster at a lowered cost. The platform supports various payment options, including digital wallets, cards, and BNPL.

General information

Firm type

Asset Manager

Year founded

2015

Location

Region

North America

Country

United States

City

San Jose

Corporate office

San Jose, CA, United States

Principals

Casey Bullock

Chief Executive Officer

Wei Jiang

Co-Founder, President & COO

Sector focus

FinTech

Frequently asked questions

Who runs investment decisions at Citcon?

Citcon is a payment technology provider, not an investment firm. The company is led by CEO Casey Bullock and Co-Founder and President Wei Jiang. The firm does not disclose a CIO or investment committee, as its primary business is operating a global payment processing platform for merchants. All senior leadership listed is focused on product, engineering, sales, compliance, and security.

How does Citcon source its payment volume?

Citcon integrates directly with merchants and third-party commerce platforms, offering a single API that replaces the need for multiple local acquirer relationships. The firm's website identifies clients in luxury goods, travel, hospitality, and digital goods. By providing access to over 100 local payment methods, Citcon attracts businesses looking to expand cross-border sales without building separate regional payment integrations.

Is Citcon a payment processor or a payment gateway?

Citcon operates as a payment gateway that aggregates multiple global payment methods behind one technical integration. It connects merchants to digital wallets, BNPL providers, and card processors, handling the complexity of local payment rails and regulatory requirements, while upstream processors and acquirers execute the actual transaction settlement.

Does Citcon hold client funds or manage a balance sheet?

As a payment gateway, Citcon does not publicly disclose a balance sheet strategy related to holding client funds. The platform facilitates authorization and routing of transactions to downstream processors and acquirers. The firm's compliance leadership suggests a regulated operational posture, but specific details on fund flow and settlement custody are not publicly documented.

What investment stages or asset classes does Citcon target?

Citcon is not an investment entity and does not target any investment stages or asset classes. The firm provides a payment technology solution for merchants. Any capital connected to Citcon likely refers to venture funding raised by the company itself to support its operational growth, not capital deployed by Citcon into external investments.

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