HedgeFlows Secures £2m Funding: Empowering SMEs in Global Trade

February 21, 2023

HedgeFlows Secures £2m Funding: Empowering SMEs in Global Trade

HedgeFlows, a FinTech platform for small and medium-sized enterprises, has launched today, fuelled by a substantial £2 million in funding. This marks a significant step forward for the company, poised to revolutionise how SMEs manage their foreign payments and financial operations.

Founded by former bankers Alex Axentiev and Neh Thaker, HedgeFlows is more than just a financial tool; it's a solution tailored to the unique needs of growing businesses. With its comprehensive platform, HedgeFlows aims to simplify cashflows, streamline invoices, and facilitate international payments, all while providing crucial risk management features.

One of the standout features of HedgeFlows is its multi-currency account functionality. This capability enables businesses to navigate the complexities of international trade with ease, offering a level of convenience and accessibility previously unavailable to SMEs. By automating risk management processes, such as monitoring volatile currency exchange rates and identifying potential fraud, HedgeFlows empowers businesses to operate confidently on the global stage.

According to co-founder Alex Axentiev, "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." This sentiment underscores the fundamental mission of HedgeFlows: to level the playing field and provide SMEs with the tools they need to thrive in a global marketplace.

Neh Thaker, another co-founder, echoes this sentiment, emphasising the importance of empowering businesses to drive growth. "For too long, operational and financial barriers have stifled entrepreneurs from taking their businesses to the next level," says Thaker. With HedgeFlows, these barriers are dismantled, offering SMEs access to capabilities previously reserved for larger enterprises.

In essence, HedgeFlows represents a democratisation of financial services for SMEs. By leveraging technology and innovation, the platform opens doors for businesses to expand their international reach, unlock working capital, and mitigate financial risks. This not only benefits individual companies but also contributes to the broader economic landscape by fostering entrepreneurship and driving global trade.

The potential impact of HedgeFlows is substantial. With over 1.5 million SMEs in Europe alone poised to benefit from such solutions, the platform has the potential to save businesses time, money, and unlock significant working capital. Estimates suggest that improved financial management could save European SMEs €60 billion, representing a vast market opportunity for HedgeFlows to tap into.

In summary, HedgeFlows' launch heralds a new era for SMEs, offering them access to sophisticated financial tools previously reserved for larger corporations. With its user-friendly platform and comprehensive features, HedgeFlows empowers businesses to navigate the complexities of international trade with confidence, driving growth and innovation in the process. As the global economy continues to evolve, platforms like HedgeFlows will play a crucial role in shaping the future of business finance.

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