Kantox

Kantox Ltd
Private
Industry Financial Services
Founded 2011 (2011)
Headquarters London, United Kingdom
Key people
 Philippe Gelis (co-founder/CEO), Antonio Rami(co-founder)
Products Foreign currency exchange
Website kantox.com

Kantox is a UK based multinational "FinTech" company that offers foreign currency exchange and international payment solutions for corporate clients. Kantox has its headquarters in the City of London and offices in Torre Mapfre Barcelona, Spain, and currently works with 92 currencies and operates in more than 50 countries worldwide. Kantox is a founding member of both France Fintech[1] and the Spanish Association for Financial Technology (Asociación Española de Technología Financiera)[2] which lobby for a greater role of FinTech in their respective countries' financial sectors.

History

Kantox was founded in 2011 by Philippe Gelis[3] and Antonio Rami, 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 $5.3 trillion,[4] In 2014, Kantox raised €6.4 million in investment[5] and one year later, announced reaching $1 billion in total corporate foreign exchange transactions.[6]

Awards and recognition

In 2014, Kantox was awarded with Deloitte's Award for Innovation,[7] named ESADE Alumni-Banco Sabadell Start-up of the Year 2014 Award[8] and received FICOD's - International Forum for Digital Content - prize for digital entrepreneurship.[9][10] In 2015, Kantox was named European FinTech of the Year at the European ICT Spring Awards.[11] The company has also received media coverage from international finance publications including Financial Times,[12] The Wall Street Journal[13] and Forbes.[14]

Investors

Kantox has received financing through various rounds of investment. Investors include venture capital firms Partech Ventures, IDinvest Partners and Cabiedes Partners, in addition to private financiers and web entrepreneurs. Most recently, in May 2015, Kantox raised $11 million from its existing investors.[15]

See also

References

  1. ↑ "Archived copy". Archived from the original on 2015-11-30. Retrieved 2015-12-16.
  2. ↑ content. "Kantox impulsa la creación de la Asociación Española de Tecnología Financiera - Expansion.com". www.expansion.com. Retrieved 2018-02-06.
  3. ↑ "'Emprender es un reto con una satisfacción inmensa cuando funciona'". Equipos Y Talento. Retrieved 11 March 2014.
  4. ↑ "El oligopolio bancario se ha repartido el cambio de divisas y cobra comisiones desorbitadas". ABC Empresa. Retrieved 11 March 2014.
  5. ↑ O'Hear, Steve. "Kantox, The London-Based P2P Currency Exchange For Businesses, Raises €6.5M Series A". TechCrunch. Retrieved 2018-02-06.
  6. ↑ "KANTOX HITS $1 BILLION IN BUSINESS FOREIGN EXCHANGE TRANSACTIONS – Global Banking And Finance Review Magazine – Financial & Business Insights". www.globalbankingandfinance.com. Retrieved 2018-02-06.
  7. ↑ "Deloitte y Cotec impulsan el emprendimiento innovador | Deloitte España | Nota de prensa". Deloitte Spain (in Spanish). Retrieved 2018-02-06.
  8. ↑ "News". ESADE Corporativo. 2017-03-16. Retrieved 2018-02-06.
  9. ↑ https://ficod.es/en/prensa/kantox-recibe-el-premio-ficod-al-emprendimiento-digital-en-eec14/
  10. ↑ "Entrepreneurship and Internationalization". En La transformación digital. Retrieved 2018-02-06.
  11. ↑ http://www.ictspring.com/european-ict-awards/
  12. ↑ http://www.ft.com/intl/cms/s/338d3d5a-269c-11e3-bbeb-00144feab7de,Authorised=false.html?siteedition=intl&_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F338d3d5a-269c-11e3-bbeb-00144feab7de.html%3Fsiteedition%3Dintl&_i_referer=http%3A%2F%2Fkantox.com%2F22a27301563b63a56e562ac7e01f451b&classification=conditional_standard&iab=barrier-app#axzz2lVSZCKHD
  13. ↑ https://www.wsj.com/news/articles/SB10001424052702303360504577408041767388910
  14. ↑ Coleman, Alison. "Forex Scandals, Fines, and How A French Entrepreneur Is Bringing Fairness And Transparency To SMEs". Forbes. Retrieved 2018-02-06.
  15. ↑ O'Hear, Steve. "Business Currency Exchange Startup Kantox Raises $11M Series B". TechCrunch. Retrieved 2018-02-06.
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