Kantox


Kantox is a UK based multinational "FinTech" company that offers foreign currency exchange and international payment applications for corporate clients. Kantox has its headquarters in the City of London and offices in Torre Mapfre Barcelona, Spain, and currently works with 92 currencies and operates in more than 50 countries worldwide. Kantox is a founding member of both France Fintech and the Spanish Association for Financial Technology which lobby for a greater role of FinTech in their respective countries' financial sectors.

History

Kantox was founded in 2011 by Philippe Gelis and Antonio Rami, ex-consultants in Deloitte. The name of the company takes inspiration from the surname of Georg Cantor, the creator of the theory of transfinite numbers, a fundamental theory in the transformation of mathematical study in the late nineteenth century. Operating in the FX market, where daily turnover has been estimated by the Bank for International Settlements at $5.3 trillion, In 2014, Kantox raised €6.4 million in investment and one year later, announced reaching $1 billion in total corporate foreign exchange transactions. In April 2019, Kantox increased its total funding to over $35 million after closing a $5.7 million debt financing round from Silicon Valley Bank.

Awards and recognition

In 2014, Kantox was awarded with Deloitte's Award for Innovation, named ESADE Alumni-Banco Sabadell Start-up of the Year 2014 Award and received FICOD's - International Forum for Digital Content - prize for digital entrepreneurship. In 2015, Kantox was named European FinTech of the Year at the European ICT Spring Awards. The company has also received media coverage from international finance publications including Financial Times, The Wall Street Journal and Forbes.

Investors

Kantox has received financing through various rounds of investment. Investors include venture capital firms Partech Ventures, IDinvest Partners and Cabiedes Partners, in addition to private financiers and web entrepreneurs. Most recently, in May 2015, Kantox raised $11 million from its existing investors.