Kantox and Bpifrance join forces to help businesses’ international expansion

Bpifrance – one of the leading French banks in financing solutions for companies – has implemented Kantox's FX risk management technology in their online currency quoting simulator for businesses. With a strong focus on innovation to improve the competitiveness of French companies abroad, Bpifrance provides valuable export credit guarantees to support international expansion.They decided that their foreign exchange platform need improvement and turned to Kantox – a FinTech firm known for their transparency and excellent reputation in FX management – to improve their product offering.Thanks to this partnership, the customers of Bpifrance will have immediate online access to real-time, transparent exchange rates for both spot and forward operation. Now, French businesses will be able to negotiate their export contracts in the local currency with total control of the related foreign exchange risk.At the same time, Kantox customers will benefit from the full range of Bpifrance’s products to cover the FX risk of export operations, including invoice hedging instruments as well as exchange rate coverage for the contract and the negotiation period.“Exchange rate risk is a significant challenge for businesses aiming to grow internationally. Kantox will always be on their side, together with the most valuable players to help them to succeed,” says Philippe Gelis, CEO and co-founder at Kantox.