Treasury

Additiv

Additiv is a treasury and cash management platform built for the modern corporate finance team. It sits at the intersection of spreadsheets and enterprise software—companies spend billions managing liquidity across multiple banks, currencies, and counterparties, yet most still rely on fragmented manual processes. Additiv replaces that chaos with a unified workspace where teams can forecast cash flows, manage payments, and monitor FX exposure in real time. The platform connects directly to a company's banking infrastructure, pulling live transaction data and balances across all their accounts. From there, teams can model scenarios, automate routine reconciliation, and execute payments without context-switching between tools. It's designed for finance managers and treasurers who've outgrown spreadsheets but don't want the bloat of legacy treasury systems. In a market dominated by legacy players like Kyriba and FIS, Additiv positions itself as the cloud-native alternative—faster to implement, easier to use, and built for companies that actually want to control their cash position rather than just report on it. The company sits squarely in the corporate finance modernization wave that's reshaping how mid-market and enterprise companies think about liquidity. Unlike niche point solutions, Additiv attempts to be comprehensive enough to replace multiple tools while remaining nimble and intuitive.

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Finastra

Finastra is a London-based financial software giant that powers the plumbing behind modern finance. Rather than chasing consumers with flashy apps, Finastra builds the invisible infrastructure that banks, investment firms, and capital markets players depend on to operate. Think of it as the operating system for institutional finance—the sort of company most people have never heard of but whose systems process trillions in transactions daily. The company's portfolio spans core banking systems, treasury management platforms, capital markets solutions, and lending technology. Finastra operates at the intersection of legacy finance and digital transformation, helping traditional institutions modernize their backend without scrapping decades of accumulated complexity. For banks and brokers, Finastra's software is often indispensable—the kind of vendor you can't easily replace once integrated into your operations. In the European market, Finastra competes with other heavyweight infrastructure players but stands out for its broad coverage across retail, corporate, and capital markets segments. The company has grown partly through acquisition, absorbing competitors and bolt-on technologies to expand its ecosystem. It's not the startup disrupting finance from the margins; it's the entrenched platform that established institutions lean on to survive and scale.

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Ebury

Ebury is a London-based fintech that's quietly become one of Europe's most ambitious cross-border payment platforms for small and mid-sized businesses. Built for founders and finance teams who spend too much time juggling currency conversions, hedging risk, and waiting days for international transfers, Ebury strips away the friction that traditional banks left behind. The platform handles the full spectrum of what mid-market companies actually need: sending money across borders at better rates, managing foreign exchange exposure without needing a treasury team, collecting payments in dozens of currencies, and—increasingly—accessing working capital tied to those flows. It's not a flashy consumer app; it's infrastructure that makes international growth less exhausting. Unlike the volume-chasing payment processors or the idealistic startups that oversimplified cross-border payments, Ebury positioned itself as the pragmatic middle ground. It embedded deep relationships with regional banks while building technology that works at scale. The company has expanded beyond its British roots into major European markets, growing a client base that ranges from e-commerce sellers to manufacturing firms that actually need sophisticated FX management, not just cheaper wires. Ebury represents a maturing fintech category: the infrastructure play that's neither a bank nor a simple API, but rather a new kind of financial operating system for companies doing serious international business.

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FairFX

International money transfers and travel money used to be one of the most opaque and most expensive parts of consumer banking — bank exchange rates that included undisclosed margins, fees layered on fees, and a deliberate obscurity about how much consumers were actually paying to convert one currency to another. FairFX was founded in London in 2007 to bring transparency and competitive pricing to that market. Its multi-currency prepaid card and money transfer service let consumers and businesses lock in exchange rates and access foreign currency at significantly better rates than high street banks offered. The company expanded across consumer and business segments, building a particular following among UK consumers travelling internationally and SMEs making cross-border payments. FairFX became part of Equals Group, broadening into a wider international payments and corporate FX platform serving both retail and B2B customers. In the European consumer FX market, where Wise and Revolut have built dominant positions through better products and clearer pricing, FairFX represented an earlier wave of disruption — companies that proved consumers would switch from banks for FX if the alternative was meaningfully better. That proof of concept paved the way for the larger fintechs that followed.

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Agicap

Cash flow forecasting for mid-market companies is a constant headache. Finance teams spend weeks building Excel models, updating bank balances by hand, and scrambling when surprises hit. Agicap strips away the manual drudgery with a platform that pulls real-time bank data, forecasts cash positions, and alerts teams to shortfalls before they become crises. The platform connects directly to corporate bank accounts across Europe, aggregating transactions and balances in a single dashboard. Finance teams can forecast weeks or months ahead, model different scenarios, and plan borrowing or investment with confidence. It's built for the CFO or finance manager at a growing company—someone managing millions but not yet running a treasury department. In a crowded space of cash management tools, Agicap distinguishes itself through simplicity and breadth of bank connectivity. Where some competitors focus on large enterprises or niche workflows, Agicap targets the mid-market sweet spot: companies that have outgrown spreadsheets but aren't yet ready to deploy enterprise software. The platform's strength lies in its ease of setup and integration with French, German, and UK banking networks. Agicap sits at the intersection of SME finance and treasury, filling a gap for companies that need working capital visibility without the complexity or cost of traditional corporate treasury platforms.

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ION Group

ION Group is a sprawling financial software empire that has quietly become one of Europe's most comprehensive infrastructure plays. The company operates across trading, risk management, and post-trade processing—the unsexy but absolutely critical backbone that powers global capital markets. Unlike flashy fintech startups chasing consumer adoption, ION builds the invisible plumbing that institutional traders, hedge funds, and investment banks depend on every single day. Its portfolio spans front-office platforms, market data aggregation, clearing and settlement systems, and regulatory reporting tools. ION serves as a counterweight to the purely consumer-focused fintech narrative, proving there's enormous value in solving problems for professionals who move billions. The company's strength lies in its ability to connect disparate financial systems, providing what amounts to a unified operating system for institutional finance. For European financial institutions, ION represents a trusted partner in an increasingly complex regulatory landscape, offering solutions that integrate seamlessly with legacy infrastructure while modernizing workflows. Its acquisition-driven growth strategy—picking up niche specialists and consolidating them into a cohesive platform—mirrors the broader consolidation happening across enterprise fintech. ION's market position underscores a fundamental truth about fintech: the biggest opportunities often lie in B2B infrastructure rather than consumer apps.

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Kantox

Kantox sits at the intersection of corporate finance and fintech, solving a problem that has plagued treasurers and CFOs for decades: the cost and complexity of managing foreign exchange. Rather than forcing companies through the byzantine world of traditional banks or crude hedging tools, Kantox built a platform that lets businesses buy and sell currency with transparency, speed, and intelligence. The platform aggregates liquidity from multiple sources—banks, non-bank liquidity providers, and peer matching—and surfaces the best rates in real time. No more vendor lock-in, no more opaque spreads, no more waiting. A mid-market company can execute a multi-million euro FX trade in minutes, seeing exactly what they're paying and why. What sets Kantox apart in a crowded treasury tech space is its refusal to abstract away the mechanics. The platform shows you the market, then lets you trade. It's designed for finance professionals who know what they're doing and want control back from intermediaries. The company has built serious depth in emerging markets and supply chain currencies, which most legacy providers still treat as afterthoughts. Kantox represents a broader shift in European fintech: the recognition that some of the most valuable problems live in the unglamorous corners of corporate finance, where even small improvements in execution cost save companies millions annually. In that sense, it's doing for FX what more visible fintechs have done for payments—stripping away friction and opacity from a process that should have been digital decades ago.

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Currencies Direct

Long before Wise existed, there was a generation of UK companies serving the British expatriate community with foreign exchange services that were better than what banks offered, even if they still required phone calls and forms. Currencies Direct was founded in London in 1996 — making it ancient by fintech standards — and built one of the longest-running international payment businesses in Europe by serving exactly that market. Its core customer base has historically been British expatriates buying property abroad, sending pensions overseas, and managing the cross-border financial complexity of living in one country with assets and obligations in another. The company has evolved with the digital era, building online platforms while maintaining the relationship-based service model that its core customers valued — and continue to value, even as younger demographics have moved to app-based alternatives. Currencies Direct has expanded into broader international payment services for SMEs and individuals, processing billions in cross-border transfers annually. In the UK FX landscape, Currencies Direct represents the established alternative — older, more relationship-driven, and serving customer segments that the venture-backed fintechs sometimes overlook in their focus on digital-native users. Three decades of FX service is not nothing.

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Equals Money

B2B international payments live in an awkward gap between the consumer apps that have made cross-border transfers easy for individuals and the corporate banking products designed for treasury teams at multinational corporations. Equals Money — the rebranded successor to FairFX's business operations — was built specifically for that gap. Its platform serves SMEs and mid-market companies that need international payment capability with the user experience of a consumer fintech but the controls and reporting of a business product. Equals Money offers multi-currency accounts, mass payments, FX hedging, and expense management cards under a single platform, with pricing that is transparent and significantly more favourable than the international payment fees that high street banks charge their business customers. The Equals Group structure consolidates the FairFX consumer brand alongside the Equals Money B2B platform and other group products, giving it the scale to compete with both consumer transfer services and traditional corporate banking. In the European B2B cross-border payment market — where Wise Business, Airwallex, and Revolut Business compete aggressively for the same customers — Equals Money's UK depth and integrated product suite make it a particularly relevant option for British SMEs trading internationally.

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Farseer

Financial planning and analysis software has historically been one of the most painful parts of running a finance team — Excel models that nobody fully understands, manual data consolidation that consumes days every month, and forecasting processes that produce numbers nobody actually believes by the time they reach the management team. Farseer was founded in Zagreb in 2017 to bring modern software discipline to that workflow. Its planning platform helps mid-market companies build financial models, run scenario analyses, and produce management reporting through a cloud-based platform that replaces the spreadsheet sprawl that defines most corporate FP&A. The Croatian base is significant — Farseer represents one of the more credible product-led companies emerging from the Adriatic tech scene, building enterprise software for European mid-market customers from a region that has historically punched above its weight in software engineering talent but below its weight in venture-backed companies. In the European corporate finance technology landscape, Farseer competes with established players like Anaplan and Adaptive Insights, differentiating through faster implementation timelines and pricing more accessible to mid-market companies that the enterprise platforms typically don't serve well.

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