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Kantox Closes a Venture Debt Financing Agreement with Silicon Valley Bank
Kantox has just closed a venture debt financing deal with Silicon Valley Bank (SVB), the leading technology and innovation-focused bank, with a proven record in supporting the most dynamic and fastest-growing businesses in the software and internet sectors. The success of the Dynamic Hedging technology to automate currency risk management has granted Kantox the recognition of being one of the top 50 fastest-growing businesses in the UK.
“At Silicon Valley Bank, we love businesses that solve real problems, create value and lead their market. Kantox is doing just that, changing the game for how companies manage their FX risk. We are excited to be a part of this amazing growth story,” said Craig Fox, Vice President at Silicon Valley Bank’s UK Branch.
Banks are approaching fintechs because their technology is attractive to them. Banco Santander’s investment in Fintech lender Kabbage and participation from BNP Paribas in a funding round for Symphony are just two of the most-published examples which illustrate a trend that Kantox is experiencing first hand. The UK-based fintech is currently negotiating various partnerships with banks in the UK and across Europe, anticipating a very eventful 2018.
“We have reached a milestone, closing a venture debt agreement with Silicon Valley Bank. However, this is only the first step in the process of business and product partnership projects with financial institutions which have approached us interested in our technology” says Philippe Gelis, CEO and Kantox co-founder.
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DIFC Innovation Hub, the largest start-up and innovation hub in the world operating out of Dubai International Financial Centre (DIFC), in partnership with the Pakistan Digital Authority, is launching the Pakistan FinTech Summit from 18 and 19 August 2026, positioning Pakistan as a strategic growth market within the global FinTech landscape.
GoldenPeaks Capital Secures Largest PPA Deal in Hungary With Hankook
GoldenPeaks Capital (“GPC”), one of Europe’s fastest‑growing independent producers of renewable energy, has signed a long‑term Pay‑as‑Nominated Power Purchase Agreement (PPA) with Hankook Tire & Technology Co., Ltd. (hereafter Hankook), the Korean premium tire manufacturer and a global leader in advanced mobility solutions. This agreement represents a significant step in strengthening renewable energy sourcing and decarbonising Hungary’s industrial sector. This is GoldenPeaks Capital’s largest PPA deal in Hungary so far.
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Payment Spayce and Sagicor Bank: Innovating Fintech for the Caribbean Market
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Top Companies Supporting Former Workers with German Pension Refunds
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Trust Travel, a TUI Brand, Partners With Qover to Deliver Seamless Travel Protection at Booking
Trust Travel, a TUI brand, has partnered with Qover to integrate travel protection into the customer booking journey
New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing
Sporta, the new financial home for UK sport, today announced a pioneering partnership with Performance Sailcraft and Magic