MillTechFX
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| Industry | Financial Technology |
|---|---|
| Founded | 2019 |
| Headquarters | London, United Kingdom |
Key people | Eric Huttman (Chief Executive Officer) |
Number of employees | 70+ |
| Website | https://milltechfx.com/ |
MillTechFX is a UK-based FX-as-a-Service (FXaaS) firm that provides an automated currency workflow solution to corporates and fund managers, giving them to access multi-bank FX rates via an independent marketplace.[1]
History
MillTechFX was founded in 2019 as an affiliate of Millennium Global Investments, a currency investment management firm.
In 2021, MillTechFX raised $30 million from Sir Ronald Cohen and VCM Global Asset Management.[2]
In March 2022, MillTechFX expanded into the European Union. The firm selected Paris for its EU hub and received regulatory approval from the Financial Markets Authority (AMF) and the Prudential and Resolution Control Authority (ACPR).[3]
MillTechFX also appointed Stuart Gulliver, the former group chief executive of HSBC, to its International Advisory Board in 2022.[4]
References
- ↑ "Millenium Global aims to cut FX costs for fund managers and treasurers". July 9, 2021 – via Euromoney.
- ↑ "Sir Ronald Cohen-backed currency fintech firm banks £22m in fundraiser". July 2, 2021 – via The Independent.
- ↑ "MillTechFX expands multi-bank FX marketplace into Europe - The TRADE". www.thetradenews.com.
- ↑ Clarke, Paul. "Former HSBC chief executive Stuart Gulliver joins fintech firm MillTechFX". www.fnlondon.com.
External links
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