Kantox

remittances

FOUNDING YEAR: 2011
LOCATION: United Kingdom
Last Update: 19/01/2021

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About

Kantox is a leading fintech building straight-through processing (STP) solutions that enable clients to automate their corporate FX workflow and leverage foreign currencies to increase competitiveness.Named one of the worlds fastest-growing fintech companies, Kantox's currency management solutions have also been recognised as best-in-class by treasury professionals worldwide, winning the Best Solution Innovation for FX Risk and the Best Risk Management Solution at the 2019 and 2018 Treasury Management International Awards respectively. Kantox was also awarded the Best e-FX Platform for Corporates at the 2019 FX Week e-FX Awards. The companys vision is to remain the most innovative player and category leader and to continue its global expansion through a mix of direct and indirect sales channels. Founded in 2011, the company employs over 115 people and has offices in London and Barcelona. Over 5,100 clients in 72 countries have already exchanged more than USD $12.5 billion with Kantox.

MEDICI Analysis

Kantox, an online finance platform, provides currency exchange and international payment solutions. It is a foreign exchange service provider, offering SMEs and mid-cap companies solutions for their foreign exchange needs, based on transparency, efficiency and value. In 2016, Kantox launched Dynamic Hedging to help companies monitor currency risk in real time and expanded its API out of beta.

Focus

PRODUCTS & SERVICES

FX (real-time order tracking), FX (live mid-market exchange rates), FX (rate alerts)

REVENUE MODEL

Transaction-based revenue model going uptp 3.39% per transaction

MAIN CLIENTS

Ficosa

Spotzer Media

SIFT

Pia First Limited

Ceres Finance

HMY Group

Traction

VALUATION / MARKET CAP:

$72.67 M in 2015

COMPANY TYPE:

For Profit

TRANSACTIONS VALUE:

$700 M

ACTIVE USERS:

0.0020

ACTIVE USERS COMMENT:

(Corporate)

TRACTION COMMENT:

Kantox has exchanged $4.5 billion for 2,000+ clients in 124 countries working in 35 currencies. (Aug 2017)

People

FOUNDERS

Philippe Gelis

John Carbajal

Antonio Rami

BOARD MEMBERS AND ADVISORS

Patrick de Nonneville

Philippe Collombel

Magnus Lind

Claire Bridel

François Masquelier

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Alma Mundi Ventures

and Mundi Ventures

BNP Paribas

Cabiedes & Partners

Carlos Blanco Vazquez

Enrique Dubois

Francois Derbaix

FX Street

IDinvest Partners

KOMM Investment

Lanzame Capital

Marek Fodor

Mola.com

Partech

Partech Ventures

Pierre-Edouard Berio

SeedRocket

Silicon Valley Bank

Carlos Blanco

Forex Street

Grupo ItNet

Lánzame Capital SL

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

6

TOTAL FUNDING

$35.55 M

DATE OF LAST FUNDING

Feb 2020

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$1.26 M

SEED CLOSED ON

Sep 2012

FUNDING SERIES

SERIES A  · $8.73 M  · Feb 2014

SERIES B  · $10.9 M  · May 2015

SERIES C  · $6 M  · Aug 2017

OTHERS  · $8.66 M · Feb 2020

DEBT FUNDING

$5.65 M

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

34,291

AVERAGE VISITS (6 MONTHS)

41,596.01

MONTHLY VISITS GROWTH

-16.41%

VISIT DURATION

52

VISIT DURATION GROWTH

-3.7%

PAGE VIEWS VISIT

1.39

PAGE VIEWS VISIT GROWTH

-25.18%

BOUNCE RATE

82.64%

BOUNCE RATE GROWTH

7.59%

GLOBAL TRAFFIC RANK

761,103

MONTHLY RANK CHANGE

-25,338

MONTHLY RANK GROWTH

-3.22%

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