42. Whites Technology Group
The specialist provider of foreign exchange, international payments and technology services
Founders: Jack Horton and Freddie Reid
Founded: October 2012
Up next is another fintech company hoping to disrupt the self-serving foreign exchange and financial industries – Whites Technology Group offers customer driven, flexible financial services. Starting life as a payments company and featured in our index last year, founders Jack Horton and Freddie Reid decided to combine their experiences in London’s financial sector to develop cost saving technology solutions for international currency transactions and investment management.
The Nottingham-based company caters primarily for small businesses, fund managers and third party foreign exchange providers, deriving revenue from commissions on transactions and license fees for its technology. Not just a faceless service, Whites cites a shared vision with clients, and commitment to creating technology that meets their needs, as its main assets.
The company will focus on helping its recently opened office in Singapore grow, as well as re-developing its existing software to fit into its larger business model over the next 12 months. Already processing some hugely impressive figures thanks to a shift in its offerings last year, it will be interesting to see how its latest developments impact its revenue growth in 2015.