Cabiedes leads €1m round for Kantox

Venture accelerator Mola.com, investment initiative Lánzame, FXstreet and business angels also contributed to the round. All investors in an earlier seed round reinvested in the firm.

The fresh capital will support the expansion of the firm's sales and technical teams.

Company
Founded in Barcelona in 2011, Kantox is a Catalan company that specialises in corporate-to-corporate currency exchange. The firm, which enables customers to save three to eight times on their FX transactions compared to banks, charges a fee for all exchanges. Transactions recorded so far total $5m.

Kantox employs 12 members of staff: nine in Barcelona, two in the UK and a local partner in the Netherlands. The company is headquartered in London.

People
Luis Cabiedes is a partner at Cabiedes.

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• Topics
• Southern Europe
• Financials
• Expansion
• UK / Ireland
• Spain
• Cabiedes & Partners