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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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- Abhi Collaborates with Alruqee Group to Offer Instant Salary Access Read more
- Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations Read more
- IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers Read more
Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions
InvestiFi, the award-winning digital investing solutions provider for financial institutions, has announced its partnership with Tucson Federal Credit Union (TFCU), embedding its InvestTech solutions into their existing online banking platform. With the new partnership, the credit union's members will have the ability to invest digitally in stocks and cryptocurrency directly from their checking accounts.
Mastercard Has Collaborated with Commercial International Bank (CIB) to Support Digital Payments Innovation
Mastercard and CIB, Egypt’s leading and largest private-sector bank, have renewed their partnership to support digital payments innovation and expand access to financial solutions in Egypt.
Abhi Collaborates with Alruqee Group to Offer Instant Salary Access
Abhi Saudi, powered by Alraedah Digital Solutions, has partnered with Alruqee Group, a diversified business group in Saudi Arabia, to introduce Earned Wage Access (EWA) for its employees.
Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations
Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced the expansion of its partnership with Driftwood Hospitality Management (“Driftwood”), a leading hotel management company, to deploy Flywire's hospitality solutions across nearly 90 U.S. hotel locations. Driftwood, an existing customer of Flywire’s solutions for payments, signatures and authorizations, is rolling out enhanced payments capabilities to further streamline guest transactions and back-office operations.
IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers
Indus Valley Partners (“IVP”), a premier global provider of software and technology solutions to the world’s most sophisticated investment managers, today announced a strategic analytics partnership with Sigma, a leader in AI applications and agentic analytics for business.
Deel Launches Stablecoin Salary Payouts and Appoints Head of Crypto to Lead New Dedicated Department
Deel, the global people platform trusted by 40,000+ businesses to hire, manage, and pay teams across 150+ countries, today launched stablecoin salary payouts powered by BVNK, and announced the formation of a dedicated crypto division, headed by Thierry Edde as Head of Crypto at Deel.
Octane Closes $350 Million Forward-Flow Agreement with Nuveen
Octane® (Octane Lending, Inc.), the fintech company unlocking the power of financial products for retailers and consumers, announced today that it has executed a $350 million forward-flow agreement with Nuveen, the global investment leader managing $1.4 trillion in public and private assets for clients including TIAA, its parent company, and one of the world’s largest institutional investors. Guggenheim Securities, LLC acted as sole structuring advisor and arranger on the transaction.
Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions
InvestiFi, the award-winning digital investing solutions provider for financial institutions, has announced its partnership with Tucson Federal Credit Union (TFCU), embedding its InvestTech solutions into their existing online banking platform. With the new partnership, the credit union's members will have the ability to invest digitally in stocks and cryptocurrency directly from their checking accounts.
Mastercard Has Collaborated with Commercial International Bank (CIB) to Support Digital Payments Innovation
Mastercard and CIB, Egypt’s leading and largest private-sector bank, have renewed their partnership to support digital payments innovation and expand access to financial solutions in Egypt.
Abhi Collaborates with Alruqee Group to Offer Instant Salary Access
Abhi Saudi, powered by Alraedah Digital Solutions, has partnered with Alruqee Group, a diversified business group in Saudi Arabia, to introduce Earned Wage Access (EWA) for its employees.
Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations
Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced the expansion of its partnership with Driftwood Hospitality Management (“Driftwood”), a leading hotel management company, to deploy Flywire's hospitality solutions across nearly 90 U.S. hotel locations. Driftwood, an existing customer of Flywire’s solutions for payments, signatures and authorizations, is rolling out enhanced payments capabilities to further streamline guest transactions and back-office operations.
IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers
Indus Valley Partners (“IVP”), a premier global provider of software and technology solutions to the world’s most sophisticated investment managers, today announced a strategic analytics partnership with Sigma, a leader in AI applications and agentic analytics for business.
Deel Launches Stablecoin Salary Payouts and Appoints Head of Crypto to Lead New Dedicated Department
Deel, the global people platform trusted by 40,000+ businesses to hire, manage, and pay teams across 150+ countries, today launched stablecoin salary payouts powered by BVNK, and announced the formation of a dedicated crypto division, headed by Thierry Edde as Head of Crypto at Deel.
Octane Closes $350 Million Forward-Flow Agreement with Nuveen
Octane® (Octane Lending, Inc.), the fintech company unlocking the power of financial products for retailers and consumers, announced today that it has executed a $350 million forward-flow agreement with Nuveen, the global investment leader managing $1.4 trillion in public and private assets for clients including TIAA, its parent company, and one of the world’s largest institutional investors. Guggenheim Securities, LLC acted as sole structuring advisor and arranger on the transaction.