HedgeFlows, a FinTech platform for small and medium-sized enterprises, has launched following a funding raise of £2m.
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 FCA.
HedgeFlows aims to empower businesses to better plan and manage their financial needs in any currency.
The Hedgeflows platform helps businesses 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 majority of SMEs don’t currently have access to the right tools or support to trade internationally in a safe and easy manner in the same way that larger, more established companies do.
HedgeFlows co-founder Alex Axentiev said, “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.”
Gateway.fm, a decentralised blockchain infrastructure node provider, has recently scored $4.6m in a seed funding round led by Lemniscap.
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