Kantox named on CB Insights Global Top Fintech Companies 2020
CB Insights has named Kantox, a leader in foreign exchange (FX) management solutions for businesses to the third annual Fintech 250, a prestigious list of emerging private companies developing groundbreaking technology to transform the financial world. This marks the second consecutive time Kantox has been named to the list, this year as one of 11 companies selected for the Capital Markets category.
“We’re proud to, once again, recognize the 250 best private fintech companies globally. This year’s Fintech 250 represents 25 countries and spans 19 categories – reimagining everything from retail banking and crypto to insurance and asset management,” said CB Insights CEO Anand Sanwal. “The previous Fintech 250 class raised more than $22 billion in investor financing and saw more than 20 exits after being recognized, and we expect this year’s class will have similar success as they continue to transform how people and businesses spend, save, borrow and invest their money.”
“We’re honoured that Kantox has once again been recognized by CB Insights as one of the top 250 Fintech companies globally, especially amongst such an impressive list of participants,” said Antonio Rami, COO and Co-Founder of Kantox.
“Our innovative solutions have been the secret ingredient in our company’s growth. In response to the industry’s need for tailored FX management solutions, Kantox has created fast and flexible technology which enables companies to completely automate FX risk management for their business, and help them become more competitive, and leverage currencies to expand into new markets”.
CB Insights’ Intelligence Unit selected the companies from a pool of 16,000 companies, including applicants and nominees. This selection was chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic score. This score is based on CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
Click here to see the full Fintech 250 list.