“Can a bank-owned FX automation platform become the default treasury OS for mid-market corporates managing multi-currency risk?”
Founded in 2011 as a peer-to-peer FX marketplace for SMEs, Kantox pivoted from a transactional marketplace to a Currency Management Automation SaaS platform for corporate treasurers, culminating in the flagship Dynamic Hedging product. In July 2023 it was acquired by BNP Paribas, giving the bank a treasury-tech offering while Kantox continues to operate independently and remains an FCA-authorised UK Payment Institution and a Bank of Spain-authorised EU PI.
Kantox processes payments through Kantox Payments & Collections (self-operated). Disclosed money-movement rails: SWIFT and SEPA.
Kantox uses Kantox (self-operated) for FX and cross-border payouts.
Kantox integrates with NetSuite, SAP, Oracle and Microsoft Dynamics.
The Embedded Finance Index 2026 maps 4 layers in Kantox's stack: Payments / PSP (Kantox Payments & Collections (self-operated)); Money movement (SWIFT and SEPA); FX & payouts (Kantox (self-operated)); Accounting (NetSuite, SAP, Oracle and Microsoft Dynamics).
Kantox was founded by Philippe Gelis and Antonio Rami and is founded in 2011, headquartered in London, United Kingdom (with offices in Barcelona, Spain).
Kantox has raised acquired by BNP Paribas (July 2023) in total (latest round: Acquisition by BNP Paribas, 2023).
Get a read on where your own stack stands against Kantox and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.