Kantox: Value for corporates, headache for banks
- Spain
- 7 min read
- Jan 14, 2019
- By Gareth Gardiner Jones
Moving beyond its initial remit of currency exchange, Europe's fourth-fastest growing fintech Kantox has garnered awards and financial sector hostility as it differentiates itself in a crowded marketplace
Kantox has come a long way since it was established as a currency exchange platform to counter the monopoly and "unfairness" in a forex (FX) market long dominated by banks. Although it sits in a crowded marketplace, the pan-European startup with its roots and main offices in Barcelona has managed to carve out a market niche for itself, and is the fourth fastest-growing European fintech, according to The Financial Times 2018 FT 1000 ranking of European companies by growth.
The startup saw revenue growth of 1,688% over the last three years, cornering the vast corporate FX sector on...
The startup saw revenue growth of 1,688% over the last three years, cornering the vast corporate FX sector on...
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