FinovateEurope 2013 / Kantox
Presenter Profile:
How they describe themselves: What is Kantox? Kantox is the low-cost solution for exchanging foreign currencies. For example, with every $100,000 transaction, our clients save an average of $1,500.
Who do we work with? Top tier companies but also SMEs with revenues ranging from $1M to $1B USD use our service to make massive savings. We have executed single trades for over $1M.
Kantox is regulated by the FSA in the UK to guarantee the security of client’s funds.
How they describe their product/innovation: 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.
Contacts:
Bus. Dev., Press & Sales: Philippe Gelis, CEO, philippe.gelis@kantox.com
Website: kantox.com
Blog: blog.kantox.com
Twitter: @KantoxFX
HQ: London, UK
Founded: June 2011
Product Demoed: Kantox Peer FX
Product Launch: October 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.
- Key Executives
Philippe Gelis (CEO), Antonio Rami (COO), Laurent Descout (CFO), John Carbajal (CTO), Marek Fodor (Chairman)
Key Stats
- Key Board Members
Michael Kleindl (KOMM Investment), Luis Cabiedes (Cabiedes & Partners), FrancescRiverola (FXstreet.com)
- Key Investors
Michael Kleindl (KOMM Investment), Luis Cabiedes (Cabiedes & Partners), FrancescRiverola (FXstreet.com), various business angels from HSBC, BNP, Deloitte
- Key Customers
70 trading customers including companies with revenues from $1M to $1B USD: