An online direct foreign currency exchange program for businesses has received a Series A funding round.

London-based Kantox received the funding from Partech Ventures, Idinvest Partners, and Cabiedes & Partners, according to published reports. The company allows its users to exchange currency directly with other companies whenever possible, and maintains a wholesale foreign currency exchange market when matching currency exchanges are not possible. Executives at Kantox have a record of success at companies like Deloitte, BNP, FXAII, ABN Amro, Nomura, Intel, and HP.