The company was founded by former bankers Alex Axentiev and Neh Thaker to “empower businesses” to manage their financial needs in any currency
HedgeFlows, a foreign payments platform, launched this week following a £2m funding round.
The UK-based fintech’s platform enables SMEs to manage foreign payments, cashflows and invoices, which HedgeFlow said are often denied by the “big banks”.
The platform aims to help business grow and improve their international trade capabilities to sell across borders. It also automates management of the risks involved in foreign trade, such as volatile exchange rates, fraud or hidden costs.
The company was founded by former bankers Alex Axentiev and Neh Thaker to “empower businesses” to manage their financial needs in any currency.
Axentiev commented: “SMEs are the lifeblood of the economy, yet so many of these innovative and ambitious businesses struggle to expand into international markets due to a lack of resources.
“Our platform will change all that, giving fast-growing companies a one-stop solution for accelerating international trade and payments, allowing them to reach their full potential.”
Thaker added: “In challenging economic times, businesses need to be empowered to drive growth. For too long operational and financial barriers have been in place that have stifled entrepreneurs from taking their businesses to the next level.
“HedgeFlows will change all this, giving a level playing field for scale-ups, so they can enjoy the capabilities previously enjoyed only by a select few enterprise size businesses.”