Jack Horton: Whites Group
The fintech start-up helping the foreign exchange sector save time and money
Jack Horton, 26
Company: Whites Group
Claiming to “rewrite the rulebook on how you do business”, Jack Horton’s Whites Group is on a mission to bring more transparency into the traditionally closed foreign exchange market through contemporary technological solutions.
Drawing on his experience in London’s financial sector, Horton’s Startups 100 listed company provides three services: Settle, Fund and FXbos. Settle provides ‘up-to-the-minute’ rates and broker’s fee reports, Fund takes care of essential back office functions for major investments, and FXbos tracks FX payments and profits. This allows clients to make more informed decisions, work more efficiently and save money – the company claims this can be hundreds of thousands of pounds on single transactions in some cases.
Whites caters primarily for small businesses, fund managers and third party forex providers dealing with foreign exchange transactions, deriving its revenue from commissions on transactions and license fees for its technology.
One of a host of fintech start-ups that’s sprung up in the last few years to disrupt the self-serving and antiquated financial sector, the fast-growth firm is already projecting some hugely impressive figures and has recently opened an office in Singapore.