Foreign exchange management solution Kantox last week announced that it has exceeded $1 billion in currency transfers since its 2011 launch.

The U.K.- and Barcelona-based company reports that $200 million was traded in November and December alone. At this rate, it expects to reach another $1 billion by the end of 2015.

Kantox counts more than 1,000 businesses as clients, which is double the number of businesses that were using the platform a year ago.

Kantox drives down FX costs by disintermediating banks and brokers with its platform, whereby companies can trade directly with one another.

Kantox demonstrated Peer FX at FinovateEurope 2013. Check out the video here.