Kantox

From Wikipedia, the free encyclopedia
Kantox Ltd
TypePrivate
IndustryFinancial services
Founded2011 (2011)
Headquarters
London
,
United Kingdom
Key people
Philippe Gelis (co-founder/CEO), Antonio Rami(co-founder)
ProductsForeign currency exchange
Websitekantox.com

Kantox is a multinational "FinTech" company that offers Currency Management Automation software for corporate clients. Their solution automates the pre-trade, trade, and post-trade stages of the corporate foreign exchange (FX) workflow.

Kantox has its headquarters in the city of London and offices in the Torre Mapfre Barcelona, Spain. Their solution has foreign exchange capabilities in 124 currencies and operates in more than 70 countries worldwide.

They are a founding member of France Fintech,[1] the Spanish Association for Financial Technology (Asociación Española de Technología Financiera)[2] and the European Fintech Association,[3] which all lobby for a greater role of FinTech in their respective countries' financial sectors.

History[]

Kantox was founded in 2011 by [4] and , ex-consultants in Deloitte. The name of the company takes inspiration from the surname of Georg Cantor, the creator of the theory of transfinite numbers, a fundamental theory in the transformation of mathematical study in the late nineteenth century. Operating in the FX market, where daily turnover has been estimated by the Bank for International Settlements at $6.6 trillion,[5] In 2014, Kantox raised €6.4 million in investment for their Series A funding round.[6] Since then, Kantox has increased its total funding to over €30 million after closing two venture rounds from their bank partner BNP Paribas[7] and Eurazeo in July 2021. Their solution reached $1 billion in total corporate foreign exchange transactions in 2015[8].By 2021, Kantox reached $15 billion in total corporate foreign exchange transactions.[9]

Awards and recognition[]

In 2015, Kantox was awarded European FinTech of the Year at the European ICT Spring Awards.[10] Kantox has also been named on the Deloitte Technology Fast 50 UK in 2017[11] and 2018,[12] and the Deloitte Technology Fast 500 EMEA in 2016,[13] 2017[14] and 2018.[15]

Kantox’s Dynamic Hedging® solution has been the winner of Treasury Management International’s award for Best Risk Management Solution in both 2018[16] and 2020,[17] and for Best Solution Innovation in 2019 in collaboration with BNP Paribas.[18] It was also voted as the Best e-FX platform for corporates at the 2019 FX Week e-FX Awards.[19]

The company has also received media coverage from international finance publications including EuroMoney,[6] Financial Times,[20] The Wall Street Journal[7] and Forbes.[21]

Investors[]

Kantox has received financing through various rounds of investment. Investors include venture capital firms Partech Ventures, Eurazeo and Cabiedes Partners, in addition to private financiers and web entrepreneurs. Most recently, in July 2021, Kantox raised €2 million from bank partner BNP Paribas[3] and Investor Eurazeo.

See also[]

References[]

  1. ^ "Archived copy". Archived from the original on 2015-11-30. Retrieved 2015-12-16.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ^ "Kantox impulsa la creación de la Asociación Española de Tecnología Financiera - Expansion.com". www.expansion.com. Retrieved 2018-02-06.
  3. ^ a b "EU fintechs united: European FinTech Association (EFA) goes live". Mintos Blog. 2020-06-18. Retrieved 2021-06-11.
  4. ^ "'Emprender es un reto con una satisfacción inmensa cuando funciona'". Equipos Y Talento. Retrieved 11 March 2014.
  5. ^ "Foreign exchange turnover in April 2019". BIS. ABC Empresa.{{cite web}}: CS1 maint: url-status (link)
  6. ^ a b "Kantox, The London-Based P2P Currency Exchange For Businesses, Raises €6.5M Series A". TechCrunch. Retrieved 2021-06-11.
  7. ^ a b "Kantox cierra una ampliación de capital de 8 millones de euros con el apoyo de BNP Paribas". El Referente (in Spanish). 2020-02-15. Retrieved 2021-06-11.
  8. ^ "Barcelona Fintech Startup Kantox Hits $1 Billion in FX Trades". Barcinno. 2015-02-10. Retrieved 2021-06-15.
  9. ^ "About Kantox". Kantox. Retrieved 2021-06-15.
  10. ^ "ICT Spring Awards".{{cite web}}: CS1 maint: url-status (link)
  11. ^ "2017 Deloitte Fast 50 UK" (PDF). Deloitte.{{cite web}}: CS1 maint: url-status (link)
  12. ^ "2018 winners". UK Technology Fast 50. Retrieved 2021-06-14.
  13. ^ "Deloitte Fast 500 EMEA 2016" (PDF).{{cite web}}: CS1 maint: url-status (link)
  14. ^ "Deloitte EMEA Fast 500 2017" (PDF).{{cite web}}: CS1 maint: url-status (link)
  15. ^ "Deloitte EMEA Fast 500 2018" (PDF).{{cite web}}: CS1 maint: url-status (link)
  16. ^ "Easing the FX Burden: Why Treasurers are Turning to Fintech". Treasury Management International. Retrieved 2021-06-14.
  17. ^ "Awards". Treasury Management International. Retrieved 2021-06-14.
  18. ^ "BNP Paribas and Kantox win best Solution Innovation for FX Risk - BNP Paribas CIB". Corporate & Institutional Banking. 2019-12-12. Retrieved 2021-06-14.
  19. ^ "Best e-FX platform for corporates: Kantox". FX Markets. 2019-07-12. Retrieved 2021-06-14.
  20. ^ "Subscribe to read | Financial Times". www.ft.com. Retrieved 2021-06-14. {{cite web}}: Cite uses generic title (help)
  21. ^ Coleman, Alison. "Forex Scandals, Fines, and How A French Entrepreneur Is Bringing Fairness And Transparency To SMEs". Forbes. Retrieved 2021-06-14.

External links[]

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