HedgeFlows, a FinTech platform for small- and medium-sized enterprises (SMEs) has launched following a £2 million funding round.
The HedgeFlows platform enables SMEs to seamlessly manage foreign payments, cashflows and invoices, giving ambitious companies access to services which are often denied by the big banks. The company is fully licensed by the Financial Conduct Authority (FCA).
The company was founded by former bankers, Alex Axentiev and Neh Thaker. Axentiev has previously overseen emerging markets and currency trading services for international banks and helped numerous multinational corporations manage their international finances. Thaker has held senior executive roles at Bank of America Merrill Lynch and Standard Chartered, including Global Head of Financial Markets with multi-billion dollar revenues and over 1,000 employees across 50+ countries.
In a similar way to companies such as Xero and Quickbooks which have revolutionised the accounting market, HedgeFlows aims to empower businesses to better plan and manage their financial needs in any currency.
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