Kantox and Novertur, two pioneering Internet firms, join forces to boost international trade of traditional SMEs
Lausanne-based startup Novertur and London-based Kantox announce a strategic partnership to support the international trade of small and mid-sized enterprises (SMEs). With a unique B2B matchmaking technology, Novertur helps SMEs to find business partners abroad quickly and at lower cost, while Kantox’s pioneering online marketplace offers a transparent and cost-efficient way to convert foreign currencies and make international payments. The two companies share a common objective to support SMEs’ operations in international trade and have developed this strategic partnership programme to facilitate such trade.
Traditional SMEs need a digital toolbox with Novertur and Kantox to optimize their international operations
In the era of social networks, cloud computing and big data, it remains difficult for companies less endowed in resources to efficiently develop their business abroad and to optimize their international operations. Not only do they struggle in the search for relevant partners abroad, they also endure significant costs when it comes to foreign exchange (FX) of currency with international payments and capital transfers.
In order for these companies to spare time and money in the first steps of their long and costly internationalization, Novertur offers an online solution enabling businesses to find automatically and with minimal effort the most complementary distributors, suppliers, and other relevant partners abroad. Florent Schlaeppi, CEO of Novertur explains, “Our online business matching technology will simply use the words describing the company and through a semantic data analysis it will match it with businesses having a potential for collaboration.”
With Kantox, Novertur reinforces the support to its user-base. “We’re excited about this partnership.” Says Florent Schlaeppi. “From our experience working with companies all across Europe and connecting them to trade partners, we know that international finance is a key topic for many CFOs today. Our collaboration with Kantox will provide them with a way to solve one of their biggest challenges.”
Indeed, according to Philippe Gelis, CEO of Kantox, “SMEs don’t often have the negotiating power of large enterprises, so they may end up being overcharged on international transactions and forced to go through outdated, manual payment processes. With Kantox, we give them a multiple award-winning alternative solution that’s modern, fully transparent and gives SMEs and mid caps access to mid-market rates, updated in real time, a service normally only available to big corporates and at a significant cost. By bringing the Kantox service closer to Novertur, we intend to provide a better support to SMEs sharing the common concern of doing international business more efficiently.”
Novertur is the online business matchmaker and b2b network and for the internationalization of small and medium-sized enterprises (SMEs). Thanks to its advanced matchmaking system developed in collaboration with a Swiss University of Applied Sciences (HES-SO / HE-Arc) and through a partnership financed by the Swiss Commission for Technology and Innovation (CTI), enterprises can identify complementary trade partners on foreign markets. Interactions enabled by social networking features allow to connect with thousands of companies abroad and to build trust with potential business partners. Connecting SMEs with the stakeholders of their internationalization, Novertur helps them save time and money to enter new markets.
Kantox is a pioneering firm in the foreign exchange (FX) industry, bringing light and fresh air to an obscure, static market. Expertise and passion result in an efficient and transparent solution to serve real economy clients.
Kantox’s online marketplace allows clients to convert foreign currencies and make international payments in a transparent, cost-efficient way. In contrast to banks and brokers, Kantox gives clients access to live mid-market rates, ensuring the exchange rate is never manipulated, and always displays the fair commission fee charged before each transaction so clients know exactly what they are paying. Furthermore, the platform is available 24 hours a day, 7 days a week and allows for multi-user, multi-company accounts.