This web app uses cookies to compile statistic information of our users visits. By continuing to browse the site you are agreeing to our use of cookies. If you wish you may change your preference or read about cookies

close

Why Kantox's Business Model is so successful?

Get all the answers


Kantox’s Company Overview


Kantox is a pioneering firm in the fintech industry that provides innovative currency management solutions. Founded in 2011 and headquartered in London, UK, the company is dedicated to helping SMEs and mid-cap companies manage their currency exposure and automate their FX workflows. Kantox's specialty lies in providing software solutions that enable companies to manage foreign exchange transparently, efficiently, and cost-effectively. The company's comprehensive suite of products includes Dynamic Hedging, API, FX Risk Management, and Payments. With a client base spread across 70 countries, Kantox has successfully exchanged over $10 billion in 165 different currencies. Business Model: Kantox operates under a Software-as-a-Service (SaaS) business model. The company offers a digital platform that provides various FX management solutions. Clients can access Kantox's platform on a subscription basis, which allows them to manage their currency exposure, automate their FX transactions, and streamline their international payment processes. Kantox's business model centers on providing a more transparent, efficient, and cost-effective alternative to traditional banking services. The company's platform is designed to be user-friendly and customizable, catering to each client's specific needs. Revenue Model: Kantox's primary source of revenue is the subscription fees it charges for access to its platform. The pricing varies depending on the specific needs and size of the client, reflecting the number of currencies managed, the volume of transactions, and the complexity of the FX management requirements. In addition to the subscription fees, Kantox also earns revenue through transaction fees for the FX transactions processed through its platform. The company's transparent pricing structure ensures clients are aware of the exact costs associated with each transaction, emphasizing Kantox's commitment to providing cost-effective solutions.

https://www.kantox.com/

Country: England

Foundations date: 2011

Type: Private

Sector: Financials

Categories: Financial Services


Kantox’s Customer Needs


Social impact:

Life changing: affiliation/belonging

Emotional: design/aesthetics, provides access

Functional: saves time, simplifies, reduces risk, integrates, connects, reduces effort, reduces cost


Kantox’s Related Competitors



Kantox’s Business Operations


Alternative currencies and banking:

Alternative currencies (also known as private currencies) are units of value issued by a private entity, such as a business or a non-profit organization. A private company or organization usually produces a private currency to serve as an alternative to a national or fiat currency, usually the country's standard unit of value. For example, mutual credit is a kind of alternative currency, and therefore any loan that does not go via the banking system qualifies as an alternative currency.

Cross-selling:

Cross-selling is a business strategy in which additional services or goods are offered to the primary offering to attract new consumers and retain existing ones. Numerous businesses are increasingly diversifying their product lines with items that have little resemblance to their primary offerings. Walmart is one such example; they used to offer everything but food. They want their stores to function as one-stop shops. Thus, companies mitigate their reliance on particular items and increase overall sustainability by providing other goods and services.

Customer relationship:

Due to the high cost of client acquisition, acquiring a sizable wallet share, economies of scale are crucial. Customer relationship management (CRM) is a technique for dealing with a business's interactions with current and prospective customers that aims to analyze data about customers' interactions with a company to improve business relationships with customers, with a particular emphasis on retention, and ultimately to drive sales growth.

Data as a Service (DaaS):

Data as a Service (DaaS) is a relative of Software as a Service in computing (SaaS). As with other members of the as a service (aaS) family, DaaS is based on the idea that the product (in this instance, data) may be delivered to the user on-demand independent of the provider's geographic or organizational isolation from the customer. Additionally, with the advent[when?] of service-oriented architecture (SOA), the platform on which the data sits has become unimportant. This progression paved the way for the relatively recent new idea of DaaS to arise.

Digital:

A digital strategy is a strategic management and a business reaction or solution to a digital issue, which is often best handled as part of a broader company plan. A digital strategy is frequently defined by the application of new technologies to existing business activities and a focus on enabling new digital skills for their company (such as those formed by the Information Age and frequently as a result of advances in digital technologies such as computers, data, telecommunication services, and the World wide web, to name a few).

Digital transformation:

Digitalization is the systematic and accelerated transformation of company operations, processes, skills, and models to fully exploit the changes and possibilities brought about by digital technology and its effect on society. Digital transformation is a journey with many interconnected intermediate objectives, with the ultimate aim of continuous enhancement of processes, divisions, and the business ecosystem in a hyperconnected age. Therefore, establishing the appropriate bridges for the trip is critical to success.

Disruptive banking:

The banking industry's disruptors are changing the norms that have been in place for decades. These new regulations, however, will only be effective until the next round of disruption occurs. Banks and credit unions must thus be nimble and responsive. We need audacious tactics. 'Disruptive Innovation' is a term that refers to the process whereby a product or service establishes a foothold at the bottom of a market and then persistently climbs up the value chain, ultimately replacing existing rivals.

Innovative retail banking model:

The design has no resemblance to a bank but more to a coffee shop. There is free wifi and a large number of iPads accessible for internet use. Automated teller machines (ATMs) are located around the perimeter of the coffee shop, allowing customers to conduct financial transactions. The workforce consists of a mix of coffee shop patrons and banking personnel who circulate and make themselves accessible. If you need services not available through an ATM, fully trained bank personnel can offer all services typically available at a conventional bank branch.

P2P lending:

P2P lending removes the intermediary layer from borrowing and lending, making financing a feasible financial choice for individuals. Peer-to-peer lending (P2P) is a kind of debt financing that allows people to borrow and lend money without using a traditional financial institution. Peer-to-peer lending eliminates the intermediary but requires more time, effort, and risk than conventional brick-and-mortar lending.

Software as a Service (SaaS):

Software as a Service (SaaS) is a paradigm for licensing and delivering subscription-based and centrally hosted software. Occasionally, the term on-demand software is used. SaaS is usually accessible through a web browser via a thin client. SaaS has established itself as the de facto delivery mechanism for a large number of commercial apps. SaaS has been integrated into virtually every major enterprise Software company's strategy.

Tiered service:

Users may choose from a limited number of levels with gradually rising price points to get the product or goods that are most appropriate for their requirements. Such systems are widely used in the telecommunications industry, particularly in the areas of cellular service, digital and cable television, and broadband internet access. Users may choose from a limited number of levels with gradually rising price points to get the product or goods that are most appropriate for their requirements.

Transaction facilitator:

The business acts as an acquirer, processing payments on behalf of online merchants, auction sites, and other commercial users for a fee. This encompasses all elements of purchasing, selling, and exchanging currencies at current or predetermined exchange rates. By far the biggest market in the world in terms of trade volume. The largest multinational banks are the leading players in this industry. Around the globe, financial hubs serve as anchors for trade between a diverse range of various kinds of buyers and sellers 24 hours a day, save on weekends.

Easy and low-cost money transfer and payment:

This business model makes money transfers and producing and collecting prices more affordable and accessible to consumers. Sending and receiving the money to pay wages, settle business transactions, paying school fees, or supporting family members is typical for companies and people alike. It necessitates fast, dependable, and cheap money transfer services that enable money to be placed in one location and withdrawn in another in urban and rural regions alike.

Embed code:

x
Copy the code below and embed it in yours to show this business model canvas in your website.