Spain's Fintech Startups Kantox and NoviCap To Join Forces

Monday, two Barcelona-based fintech startups Kantox and NoviCap announced that they will unite in a partnership to be able to offer their customers a stronger financial service.

NoviCap founders from the left: Marc Antoni Macia, Federico Travella and Nicolas Overloop.

Kantox is a currency management company which offers companies an integrated solution based on transparency, efficiency and savings. With a total volume of $2B exchanged via their platform since its creation, the fintech company has served some 2000 customers in over 20 countries.

NoviCap is an invoice-discounting platform which allows small and medium sized enterprises to access short term financing by advancing the payment of their outstanding invoices. At the same time, it offers professional investors the opportunity to invest in a short-term asset yielding above-average returns.

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Kantox founders from the left: Antoni Rami, Philippe Gelis, Marek Fodor, John Carbajal and Laurent Descout.

The two Fintech startups explain that this partnership mean a wider portfolio of financial services, based on technological solutions. Philippe Gelis, co-founder and CEO of Kantox believe in a brighter future together with NoviCap.

“Our Fintech companies offer solutions across different financial service areas, sharing values like transparency, agility, flexibility and personalisation of the service. Together, we have immense power”, he says.

Marc Antoni Macià, COO and co-founder of NoviCap, takes it even further than his new college Gelis.

“This collaboration of two flagship Fintech companies in Spain marks a stepping stone towards the creation of a Fintech Bank, offering a range of financial products”, he says.

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