Kantox

Kantox is a currency management automation software company founded in 2011 by Philippe Gelis, Antonio Rami and John Carbajal, headquartered in London with an office in Barcelona. It automates the corporate FX workflow for companies whose pricing and margins are exposed to currency volatility, covering pre-trade, trade and post-trade stages that treasury teams otherwise run on spreadsheets. BNP Paribas agreed to acquire Kantox for EUR 120 million in October 2022, after a partnership begun in 2019, and the software continues to be sold under the Kantox brand.

The platform captures foreign currency exposure automatically from ERP or treasury systems, processes it under management-defined hedging rules, executes trades through corporate trading platforms, and returns reporting and hedge accounting output. Modules include Dynamic Hedging for rules-based automated hedging, Dynamic Pricing for pricing with live FX rates, In-House FX for centralising subsidiary FX, Payments and Collections, and a Hedge Accounting Module. Kantox states FX capability in over 140 currencies. Clients include FNAC, Hotelbeds, Fareva and Voyage Prive.

1. Dynamic Hedging: Rules-based automated hedge execution driven by exposures collected from ERP and treasury systems.

2. Dynamic Pricing: Applies live FX rates to product and contract pricing so quoted margins hold against rate moves.

3. In-House FX: Centralises subsidiary FX exposure and internal rates into a single group-level book.

4. Hedge Accounting Module: Produces audit-ready hedge accounting documentation and reports.

5. Currency coverage: FX capability in more than 140 currencies, including emerging-market pairs such as BRL, KRW and IDR.

6. Bank distribution: Owned by BNP Paribas since 2022, which deploys the technology to its corporate, mid-cap and SME clients.