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§ Private Profile · London, United Kingdom
Currency Management Automation software provider offering FX risk management for SMEs and corporates, focused on corporate-to-corporate currency.
Kantox is a fintech company based in Barcelona, Spain, with operations in London, United Kingdom, providing Currency Management Automation software for CFOs and finance leaders to manage foreign exchange (FX) risks and opportunities. The platform specializes in FX management for small and medium-sized enterprises (SMEs) and corporates across 83 countries, offering specialized products for industries like fashion and travel, alongside a platform for direct corporate-to-corporate currency trading. Kantox has facilitated over US$27 billion in exchanged currency and employs over 200 individuals. The company was acquired by BNP Paribas for 120 million euros in October 2022, officially becoming a BNP Paribas company in July 2023 while operating independently. Prior investors included Partech Ventures, IDinvest Partners (now Eurazeo), and Mundi Ventures. Kantox was founded in 2011 by Philippe Gelis, John Carbajal, and Antonio Rami.
Kantox has raised $40.0M across 8 funding rounds.
Kantox has raised $40.0M in total across 8 funding rounds.
Kantox has raised $40.0M across 8 funding rounds. Most recently, it raised $5.6M Debt in April 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 22, 2019 | $5.6M Debt Financing | Silicon Valley Bank | — | Announced |
| Aug 7, 2017 | $5.9M Venture Round | — | Idinvest Partners, Mundi Ventures, Partech Ventures | Announced |
| Aug 1, 2017 | $6M Series C | — | Partech Ventures | Announced |
| May 1, 2015 | $11M Series B | Partech Ventures | Patrick DE Nonneville, Idinvest Partners | Announced |
| Feb 1, 2014 | $9M Series A | Partech Ventures, Idinvest Partners | Cabiedes & Partners | Announced |
| Sep 19, 2012 | $1.3M Venture Round | — | Carlos Blanco, François Derbaix, Juan Margenat, Marek Fodor, Michael Kleindl, Cabiedes & Partners, Fxstreet, Lanzame Capital, Mola | Announced |
| Sep 1, 2012 | $1M Seed | — | Encomenda Smart Capital | Announced |
| Apr 1, 2011 | $220K Seed | — | Encomenda Smart Capital | Announced |
Kantox is a fintech company specializing in Currency Management Automation software that automates the full corporate foreign exchange (FX) workflow, from exposure capture to payments and accounting, enabling businesses to manage FX risks, optimize pricing, and scale internationally.[1][3][5] It serves mid-sized companies and enterprises in over 70 countries, solving the problem of manual, inefficient FX processes by providing tools like Dynamic Hedging®, real-time Dynamic Pricing, and centralized Payments & Collections, which replace costly bank intermediaries with transparent, API-driven automation.[1][2][5] With a SaaS model, Kantox has facilitated over $12 billion in transactions across 165 currencies for more than 4,700 clients, earning recognition as one of the world's fastest-growing fintechs and multiple awards for innovation in FX risk management.[2][3][6]
Kantox was founded in 2011 in London by Philippe Gelis (CEO), Antonio Rami (Chief Growth Officer), and John Carbajal, former Deloitte consultants who identified the need for technology to automate corporate FX challenges traditionally handled manually.[1][3][7] The company name draws from mathematician Georg Cantor, reflecting its focus on transforming FX complexity.[3] Early traction came with the 2016 launch of its award-winning Dynamic Hedging® solution, which automated hedging workflows and won Treasury Management International awards in 2018, 2020, and 2022, alongside FX Week's Best e-FX Platform for Corporates in 2019.[3][6] Headquartered in London with offices in Barcelona, Kantox grew to over 110 employees from 33 nationalities, expanding globally through direct and indirect sales.[2][6]
Kantox rides the fintech automation wave in cross-border payments and treasury management, capitalizing on rising global trade, volatile FX markets, and digital transformation demands post-2010s financial crises.[2][7] Its timing aligns with the shift from manual banking to API ecosystems, enabling SMEs to compete internationally amid e-commerce growth and multi-currency operations, as seen in clients like sustainable tourism firm Evaneos automating FX for margins.[1][4] By creating a new corporate FX automation category, Kantox influences the ecosystem through partnerships (e.g., BNP Paribas, 360T) and awards, pushing banks toward tech integration and reducing reliance on opaque intermediaries.[3][4][5]
Kantox is poised for continued global expansion, leveraging its category leadership to deepen API integrations, enter new markets, and enhance AI-driven FX analytics amid escalating currency volatility from geopolitical shifts and inflation.[1][6] Trends like real-time payments, embedded finance, and regulatory pushes for transparency (e.g., hedge accounting) will amplify demand, potentially doubling transaction volumes as more enterprises adopt automation. Its influence may evolve toward ecosystem orchestration, powering fintech stacks for B2B international trade—transforming FX from a risk to a competitiveness driver, much like how it began by reimagining manual treasury workflows.[2][7]
Kantox has raised $40.0M in total across 8 funding rounds.
Kantox's investors include Silicon Valley Bank, Idinvest Partners, Mundi Ventures, Partech Ventures, Patrick de Nonneville, Cabiedes & Partners, Carlos Blanco, François Derbaix, Juan Margenat, Marek Fodor, Michael Kleindl, FXstreet.