The acquisition builds on the initial strategic partnership between BNP Paribas and Kantox initiated in September 2019.
Kantox’s software solution has managed to successfully re-bundle the Corporate FX workflow, offering a one-stop-shop, API driven, plug-and-play solution which has emerged as a unique technology within the B2B cross-border payments sector. Kantox’s technology provides unrivalled level of automation and sophistication to Corporates in setting up hedging strategies.
By leveraging its integrated business model, BNP Paribas is well positioned to accelerate and extend Kantox’s offering to a wide range of Corporate clients across the globe. The Global Markets business of BNP Paribas’ CIB division and the business centres of the Commercial, Personal and Banking Services (CPBS) division aim to deploy Kantox technology to large corporate as well as SME and Mid-Cap clients, capitalising on market knowledge and local presence of the Group.
The AG team advising on the deal included Hugh Lauritsen, Oliver Broomfield, Joanna Moroney, Ioannis Yiasemis (Corporate); William James, Andrew Carter, Alex Torpey (Commercial); Steven Francis, Aidan Coghlan (Financial Regulation); Jonathan Fletcher-Rogers, Edith Nnotum (Incentives); Sarah Harrop, Kate Higgins (Employment); Peter Crichton and Andrew Mazeika (Finance).
The acquisition is subject to regulatory approvals and is expected to complete in the coming months.