HedgeFlows, an SME fintech platform to manage foreign payments, has launched today backed by £2m in funding.
Founded by two former bankers, HedgeFlows’ platform manages cashflows, invoices, and international payments for SMEs.
The company claims its multi-currency accounts make it easier for businesses to manage trade across all of their international markets.
The platform also automates risk management processes regarding the volatile changes in currency exchange rates, as well as fraud and hidden costs.
“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,” said HedgeFlows co-founder Alex Axentiev.
“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.”
Fellow HedgeFlows co-founder, Neh 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.”