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By Sian Bennett

Kantox Year in Review: a year of massive milestones

Published January 2, 2020

Wow. 2019 has been quite the ride for Kantox with lots of growth, partnerships, awards, geographic expansion, new clients, currency management solutions and team members all coming on board. 

While 2020 is already looking to be even bigger, in this post, we take a quick look back at just some of the highlights that made 2019 what it was. 

Celebrating big wins

We kicked the year off as recipients of two awards at the Treasury Management International Awards in London in January. Our Dynamic Hedging solution was named the Best Risk Management solution, with our CEO, Philippe Gelis, commenting that the award was “… a testament to the team, which continues to deliver products and solutions that solve complex problems for treasurers, CFOs and CEOs alike.”

 

Kantox TMI Awards London 2019
Kantox picked up the award for Best Risk Management Solution for Dynamic Hedging at the TMI Awards in London.

In July, we were also recognised as having the Best e-FX Platform for Corporates at the FX Week Awards. This was also a significant win for Kantox due to the tough competition: “Since 2013, this is a category that has almost exclusively been won by banks, so it’s positive to see our technology recognised as a breakthrough alternative for corporates,” explained Philippe. 

We also made it on to the FT 1000 list of Europe’s fastest-growing companies for a second time with a growth rate of 482% during the past four years. And finally, we were named as a Deloitte Technology UK Fast 50 and Fast 500 EMEA company for the third year running. Amazing! 

Three huge bank partnerships 

Kantox shook things up in the fintech space by announcing three huge bank partnerships in just three months. The first announcement was with Silicon Valley Bank in the United Kingdom, to jointly offer our Dynamic Hedging solution to their clients. As well as that, we announced a second venture debt financing agreement with SVB in April.

In September, BNP Paribas announced a strategic partnership with Kantox to offer our Dynamic Hedging solution to their corporate clients across EMEA. 

As Xavier Gallant, Co-Head of Corporate Rates, FX and Local Markets Sales EMEA at BNP Paribas, said: “BNP Paribas’ partnership with Kantox will offer corporate treasurers in EMEA the opportunity to access a fully automated hedging solution and ultimately improve their treasury processes. We look forward to a successful partnership.”

In October, the final bank partnership of 2019 was announced with Citi’s Commercial Bank in the United States. The agreement provides a seamless user experience for Citi’s foreign exchange clients in the US through a customised solution that connects directly to their foreign currency payments platform. 

Our CEO has also hinted at expansion to the US in 2020, so keep watching this space!

Kantox staff celebrate the $10 billion milestone in Barcelona.

Milestones that matter 

This year we also appointed Maria Chamorro as our CFO, exchanged more than $10 billion on our award-winning platform, hired our 100th employee, expanded our (stunning) sea-facing offices in Barcelona and smashed our sales targets.

We’re not done yet and there is still plenty of growth on the horizon. If you’re interested in working for Kantox, check out our open positions here

This is just a small taste of what was a very eventful year, filled with many small – and large – milestones. As always, we are grateful to our clients for their feedback, continued support and trust in the solutions we provide. 

From all of us at Kantox, we wish you a Happy New Year. 

 

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