BELLIN, a global leader in providing web-based treasury software and services for multinational corporations, banks and the financial sector, has announced that they will be working closely with Kantox, a multinational Fintech company offering foreign currency and risk management solutions, in supporting medium-sized companies in the process of expanding internationally.
When medium-sized companies move into new markets, they face the challenge of coping with new and increased requirements on their financial dealings and of managing their foreign currency needs. Kantox, Europe’s number one foreign currency exchange and FX hedging solutions provider for medium-sized companies, allows CFOs and Treasurers to automate the FX risk management as well as their international payments in a straightforward, secure and affordable manner. BELLIN targets medium-sized companies of all sizes with their Treasury as a Service (TaaS) offering that delivers professional financial management as an outsourced service. With TaaS, medium-sized companies gain access to their worldwide financial status and can outsource group-wide liquidity planning, international payments, account balancing across banks, countries and currencies (cash pooling), or the reconciliation and settlement of intercompany receivables (netting).
By combining the BELLIN TaaS offering and the Kantox FX solutions as well as the expertise of two global players in the finance industry, new opportunities are opened up for medium-sized companies. “By teaming up with Kantox, we can now complement our TaaS offering with FX management and hedging,” Martin Bellin, Founder and CEO of BELLIN, explains. “This enables us to provide corporates of all sizes with all the crucial financial data they need as well as financial instruments as a service. Businesses operating internationally in particular stand to leverage enormous potential and achieve optimal conditions for their finance departments – a ‘perfect world’ so to speak.” Philippe Gelis, Kantox CEO, adds, “By collaborating with BELLIN, we aim to offer medium-sized companies a solution that simplifies the day-to-day work in their finance departments considerably. BELLIN’s TaaS offering supports our customers, as it covers all the different aspects of treasury and gives them access to things normally only large corporations would be able to afford.”
Kantox is a multinational fintech company offering FX management solutions. Every day, we work hard to solve one of the major pain points faced by international firms: currency management. Our expertise, products and solutions allow our clients to manage their currency exposure, build hedging strategies, automate FX transactions and to process international payments intelligently and efficiently.
This enables us to generate significant savings, as well as increased efficiency and productivity for our clients all with full transparency. Our 2,000 clients have trade over $5 billion in 20 countries. Kantox is headquartered in London and authorised by the Financial Conduct Authority (reference number 580343).
BELLIN is a global leader in providing web-based treasury software and services for multinational corporations. Founded by a treasurer and built on the expertise of over 150 experts, BELLIN has been exceeding expectations since 1998. tm5, awarded best “Treasury Management System” at the Fintech Innovation Awards, serves all corporate treasury functions and provides a group-wide treasury overview, mobile and in real time. BELLIN solutions for liquidity planning and financial risks, global payments, netting and risk management as well as the integrated BELLIN SWIFT Service, SaaS/hosting or Treasury as a Service (TaaS) inspire more than 22,000 companies with 50,000+ users in 150+ countries and counting.