150723_KANTOX - CORPORATE PRESENTATION v1-15

© Kantox, 2015

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Foreign Exchange For Your Business Corporate Presentation

London, 2015

© Kantox, 2015

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USD 5.300.000.000.000 PER DAY = world GDP every 14 days

92% due to speculation vs. 8% global trade

2 segments: deliverable vs. non-deliverable

Decentralised market

24 hours (Sunday night to Friday night)

Kantox | Corporate Presentation

The FX market is by far the largest in the world

© Kantox, 2015

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Source: Euromoney Market Data; Bank of International Settlements

OLIGOPOLY 6 largest banks > 60% market share

NO TRANSPARENT PRICING POLICY

OPACITY With regards to pricing (spread)

SCANDALS AND BILLION FEES

Kantox | Corporate Presentation

But the FX market is unfair and not transparent

© Kantox, 2015

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Transparency counts

Kantox | Corporate Presentation

At Kantox we believe that the finance industry, too long known for its opacity, greed and lack of innovation, needs a dramatic, pervasive overhaul for the better. We believe that it is time to change the finance industry to instill the virtues of transparency, efficiency and fairness. This is what drives us at Kantox. Banks and brokers maintain opacity to charge their clients way too much. Indeed, while they hide their commissions and fees in the exchange rate they offer, they usually argue that there is no commission. In some cases, they also use dumping methods, offering unbeatable rates to get you as a client only then to increase these hidden fees (also named spread). At Kantox, we always display the mid-market exchange rates*. With our Benchmark service, which we offer for free, you can now compare your bank/broker to the true market benchmark rates. That way, you know exactly how much you pay and how much we earn. In other words, we are fair. * Also known as the interbank rate, it is the live average between the bid and the ask price in the FX market. In other words, it is the “true” exchange rate, without any commission or fee.

Kantox is a pioneering firm in the FX industry, bringing light and providing fresh air in an obscure, static market. Expertise and passion result in an efficient and transparent solution to serve real economy clients

Pair Spot 3 Months

EUR/USD 1,3719 1,3719

EUR/GBP 0,8157 0,8162

EUR/CHF 1,2232 1,2226

EUR/JPY 138,9100 138,8627

GBP/EUR 1,2260 1,2252

GBP/CHF 1,4997 1,4974

GBP/JPY 170,3800 170,2662

GBP/USD 1,6823 1,6817

+ more currencies

You can find our Kantox Benchmark service at kantox.com.

© Kantox, 2015

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Your FX Management Platform

Kantox | Corporate Presentation

Kantox helps you manage all your FX operations from one single platform, providing you with the information you need at every point, while keeping it simple and easy to use.

Live mid-market exchange rates

Manage your FX transactions

FX Dashboard

Customised FX rate alerts

Multiple subsidiary management tool

Multiple user management tool

Understanding your FX costs. Managing users and subsidiaries that participate in FX operations. Finding the best time to transact. These are just some of the benefits of using the Kantox online platform.

SWIFT transfer confirmation

Personalised technical support SWIFT  

© Kantox, 2015

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78% of our clients save more than 80% compared to their bank

Kantox | Corporate Presentation

More than 1,100 clients in 18 countries, included listed companies As you can see below, we are transparent with the fees that we charge. We want our clients to perfectly understand our pricing and really know what they pay when they exchange foreign currencies with us. This is how we differ from banks and brokers, who hide their high fees in the spread.

On average, for every USD 1 Million they trade, our clients save more than USD 15,000 compared to banks or brokers. We have recently reached USD 1 Billion in transactions.

Marc Corporate Treasury Manager, FICOSA “Their business proposition is simple and brilliant: they offer SME's a platform displaying mid-market rates that the treasurer can close in just 1 click”

Steven Chief Financial Officer, SIFT “We’ve completed a number of FX trades with Kantox and the process was much smoother than any previously undertaken”

Ignacio Global Treasurer, HMY GROUP “Kantox is our main FX management tool. I love the simplicity of the platform, their transparent fees and their efficient team”

Testimonials  

bank

> EUR 20 Million 0.09 %

EUR 10 – 20 Million 0.14%

EUR 5 – 10 Million 0.19%

Traded annually Fee %

0.5 - 2.5 % sometimes even more

Fee %

EUR 2 – 5 Million 0.24%

< EUR 2 Million 0.29%

© Kantox, 2015

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Pioneering currency exchange

Kantox | Corporate Presentation

When no matching is available with any other company, we provide you access to the wholesale FX market to trade at very tight spreads that we are able to achieve thanks to our size. By using these 2 approaches, Kantox is able to provide a one-stop-shop solution with full liquidity in all currencies we offer.

When possible, we offer you the opportunity to match your transactions with other companies. In other words, you can buy or sell currencies between other companies, while at the same time side-stepping banks and brokers. It is the most efficient solution to exchange foreign currencies.

Kantox offers SMEs and Mid-caps a solution usually only available to large companies. The mid-market rates are displayed on our platform to provide you with full transparency and trades can be closed in just 1 click

A B €

$

€

$ A €

$

€

$

We offer 2 different approaches to trade with Kantox:

Kantox is authorised by the Financial Conduct Authority, FRN: 580343, as a Payments Institution under the Payment Services Regulations 2009 for the provision of payment services. As required by the Payment Services Regulations 2009, our clients’ funds are permanently held in segregated client bank accounts in leading banks and so cannot be claimed by creditors. Client funds are always protected, as they are completely independent of Kantox business accounts and assets. Note that we never use your funds to speculate in the market.

© Kantox, 2015

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More than 35 currencies available & free international payments

Kantox | Corporate Presentation

We offer both spot and forward transactions in more than 35 currencies, and international payments to more than 50 countries are totally free

Currencies EUR (Euro)

USD (US Dollar)

GBP (British Pound)

CHF (Swiss Franc)

AUD (Australia)

CAD (Canada)

JPY (Japan)

MXN (Mexico)

SEK (Sweden)

TRY (Turkey)

DKK (Denmark)

HKD (Hong Kong)

HUF (Hungary)

CZK (Czech Rep)

NOK (Norway)

NZD (New Zealand)

PLN (Poland)

THB (Thailand)

ZAR (South Africa)

RON (Romania)

ILS (Israel)

LTL (Lithuania)

RUB (Russia)

Spot Transactions

Forward Contracts

Free International Payments

Exchange foreign currencies now. The exchange rate is set immediately online and you receive the funds on the same day, T+1 or T+2 depending on the currency you exchange.

Hedge FX risk by setting the FX rate now for a future transaction. Note that we also offer flexible forwards.

For us, the cost of a payment is exactly the same regardless of the destination. For this reason we offer you the opportunity to make payments to foreign providers through Kantox for free. That way, you will also save on bank transfer fees.

© Kantox, 2015

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Regulation

Kantox | Corporate Presentation

Kantox is authorised by the Financial Conduct Authority, FRN: 580343, as a Payments Institution under the Payment Services Regulations 2009 for the provision of payment services. We also hold service Passports to all European Countries and a Branch Passport in Spain. As required by the Payment Services Regulations 2009, our clients’ funds are permanently held in segregated client bank accounts in leading banks and so cannot be claimed by creditors. Client funds are always protected, as they are completely independent of Kantox business accounts and assets. Note that we never use your funds to speculate in the market. We are registered with the HMRC as a Money Services Business - Registration Number 12641987.

Our Offices Headquarters Longcroft House 2-8 Victoria Avenue London EC2M 4NS United Kingdom (+44) 20 3608 6984 Barcelona Office Torre Mapfre, Planta 10 Marina, 16-18 08005 Barcelona Spain (+34) 935 679 834

We are authorised as a Payment Institution by the Financial Conduct Authority

© Kantox, 2015

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About us

Kantox | Corporate Presentation

Our management team includes professionals with extensive experience in firms like BNP, Deutsche Bank, FXall, ABN Amro, Nomura, Deloitte, Intel and HP.

Investors Our investors include leading venture capital firms such as Partech Ventures, IDInvest Partners and Cabiedes Partners, financial industry professionals coming from firms like HSBC, BNP and Deloitte and successful Internet entrepreneurs. Board of Advisors Kantox's European Board of Advisors combines expertise from all its members to help us maintain our position as a key disruptor of the antiquated FX industry. The founder of Treasury Peer, Magnus Lind now acts as adviser. He is joined on the advisory board by François Masquelier head of Corporate Finance, Treasury and Risk at RTL Group and vice chairman of Euro Associations of Corporate Treasurers. Claire Bridel brings 20 years’ experience across leading operational roles in financial corporations to the board, including Natixis CIB, Newedge and Fimat.

Philippe Gelis CEO

John Carbajal CTO

Laurent Descout CFO

Marek Fodor CHAIRMAN OF THE BOARD

Antonio Rami COO

© Kantox, 2015

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Press

Kantox | Corporate Presentation

Kantox has been featured in the most prestigious financial newspapers

Many SMEs fail to grasp foreign exchange risk Sales are nice, but if the profit margin on those sales is lost in poor FX management, then it’s a pity. It’s nice to grow, but nicer to grow profitably. Finance Officers usually know they have an exposure, but knowing and managing that exposure is not really their core business.”

By Liz Bolshaw, September 26, 2013

Sidestepping banks, companies trade FX with each other A London company has come up with a way for companies to exchange currency payments directly with each other, avoiding banks' fees.

By Chana R. Schoenberger, May 16, 2012

Cutting through the FX thicket When the typical SME buys FX it is not efficient at all. There is a very big dichotomy between what the market says it is, meaning very efficient in price setting, and what the reality is for SMEs

By Andy Davis, February 15, 2012

Forex Scandals, Fines, and How A French Entrepreneur Is Bringing Fairness And Transparency To SME’s Until recently, SMEs have had little choice in terms of where to go, other than to the banks, but now it seems a different FX model is emerging in the FinTech sector, led by some innovative start-ups looking to give the banks a run for their money. Alison Coleman, 13 Noviembre 2014

© Kantox, 2015

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Headquarters 6 Bevis Marks, London EC3A 7BA UK (+44) 20 3608 6984 Barcelona Office Torre Mapfre, Planta 10 Marina, 16-18 08005 Barcelona Spain (+34) 935 679 834

Kantox Ltd is authorised in the United Kingdom by: The Financial Conduct Authority (FCA) as a Payments Institution, under the Payment Services Regulations 2009. (REF: 580343). kantox.com Copyright © 2015 Kantox