CB Insights has named Kantox, a leading provider of corporate foreign exchange management solutions, for the third time this year Fintech 250, A prestigious list of emerging private companies developing breakthrough technologies to transform the financial world. This is the second year in a row that Kantox has been included in the list, this year as one of 11 companies selected for the Capital Markets category.
“We are proud to once again recognize the 250 best private fintech companies worldwide. This year’s Fintech 250 represents 25 countries and comprises 19 categories – from private customer business and crypto to insurance and asset management ” Anand Sanwal, CEO of CB Insights. “The previous Fintech 250 class raised more than $ 22 billion in investor funding and has seen more than 20 exits since it was recognized. We anticipate this year’s class will see similar successes as it continues to change the way people and businesses spend, save, borrow and invest. “
“We are honored that Kantox has been recognized again by CB Insights as one of the world’s top 250 fintech companies, especially among such an impressive list of participants,” he said Antonio Rami, COO and co-founder of Kantox.
“Our innovative solutions were the secret part of our company’s growth. In response to the industry’s need for bespoke FX management solutions, Kantox has developed fast and flexible technology that enables companies to fully automate FX risk management for their business, become more competitive, and leverage currencies to expand into new markets. “
CB Insights’ Intelligence Unit selected the companies from a pool of 16,000 companies, including applicants and nominees. This selection was made based on several factors including the data submitted by the companies, the company’s business models, and market dynamics Mosaic score. This rating is based on CB Insights’ proprietary algorithm that measures the overall health and growth potential of private businesses.
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