See other companies on Welcome to the Jungle
ALT21
Cloud-based currency hedging platform
- 21-100 employees
- Fintech
- B2B
- Automation
- Cloud Computing
- Holborn, London, UK
Jump to section
Company mission
ALT21 is on a mission to make currency hedging accessible to everyone.
Few candidates hear
back within 2 weeks
Our take
Currency hedging is a risk management strategy that helps protect businesses and investors from the impact of sudden exchange rate fluctuations. Yet, many SMEs have never utilised these services. ALT21 recognises this gap and seeks to bridge it by facilitating user-friendly, accessible currency hedging solutions.
The company's platform, X Hedge, is designed for financial institutions and other businesses with clients that have foreign exchange risk to manage. Through it, these organizations can sell hedging solutions in over 30 currencies under their own brand, all via a self-serve portal that is cloud-native, multi-tenanted, and supports single sign-on.
The company has raised significant funding and has focused on building out its team and product features. A 2023 rebrand from its original identity of "Assure Hedge" was designed to provide a "better reflection of its evolution and scale of operation" as it grows and moves alongside the ever-evolving industry.
Freddie
Company Specialist at Welcome to the Jungle
Funding (last 2 of 11 rounds)
Oct 2023
$21m
SEED
Jan 2023
$15.8m
SEED
Total funding: $59.1m
Leadership
Barry McCarthy
(Executive Director)Previously co-founded the trading firm Blue Water Financials. They also served as the CEO at Casimir Trading Systems and worked at the Independent Colleges Dublin as a Lecturer in Financial Trading.