This post is a part of our live coverage of FinovateEurope 2013.
Afterwards, we saw Kantox, who demonstrated its platform that enables businesses to exchange currency directly between companies:
“How does it work? Kantox makes it possible for currencies to be exchanged transparently, directly between companies without going through the banking system and thus avoiding paying excessive bank commissions.What do we offer? We offer spot and forward transactions in more than 20 foreign currencies.”
Product Launch: October 2011
HQ: London, UK
Founded: June 2011
Metrics: Over 70 corporate clients and more than $20M USD traded to date. Over €50,000 in revenues. Seed funding in July 2011 was over €150,000 and Series A in July 2012 was €1M. There are currently 15 employees.
Website: kantox.com
Twitter: @KantoxFX
Presenting Philippe Gelis (CEO)
