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FT Partners Advises Kantox on its Sale to BNP Paribas

Overview of Transaction

  • On October 11, 2022, Kantox shareholders agreed to the sale of Kantox to BNP Paribas (“BNPP”) in an all-cash transaction, leading to BNPP owning 100% of Kantox
  • Completion of the transaction is subject to regulatory approvals and is expected in the coming months
  • Kantox is a leading FinTech provider for the automation of currency risk management; its software solution has managed to successfully re-bundle the Corporate FX workflow, offering a one-stop, API driven, plug-and-play solution which has emerged as a unique technology within the B2B cross-border payments sector
  • Its unique proposition, revenue model, highly diversified customer base, footprint and strong bank partnerships have driven rapid growth, and paved the way for a clear path to sustainable and recurring profitability

Significance of Transaction

  • By leveraging its integrated business model, BNPP will be well positioned to accelerate and extend Kantox’s offering to large corporates as well as SMEs and Mid-Cap businesses, capitalizing on market knowledge and global presence and unlocking significant synergy potential

FT Partners' Role

  • FT Partners served as exclusive financial and strategic advisor to Kantox on this transaction, and previously advised Kantox on a successful capital raise in 2019
  • This transaction underscores FT Partners' deep Payments domain expertise and successful track record of generating favorable outcomes for leading companies in the space