The technological revolution of fintech

Philippe Gelis is one of the founders of Kantox, one of the fintech startups that offers international currency and payment management solutions for businesses.

Fintech brings together financial services companies that use technology to be able to offer innovative products and services. In other words, it is the development of financial services based on technological innovation. The term fintech refers to all those activities that involve the use of innovation and technological developments for the design and provision of financial products and services. “Fintech companies create very vertical and digitized services to compete with traditional companies in the financial sector,” Philippe Gelis highlights in this interview, an opinion leader in this sector at a global level. Philippe started his career as a management and strategy consultant, working for several years at the company Deloitte.

Philippe Gelis, CEO of Kantox also talks about the future of fintech. The financial sector will be completely digital within a few years. That’s why there’s a great future in fintech, we’re on the wave of innovation. There are fintech companies that are already great economic successes. There are opportunities 20 years from now. It’s a very good time.”

Philippe Gelis decided in 2011 to found Kantox together with his partners Toni Rami and John Carvajal. “If you want to innovate and add a great experience, a fintech company is a good option.” Kantox is present in 70 countries, and has customers from various sectors.

Gelis also encourages entrepreneurs who decide to innovate: “The biggest risk is not trying, and being frustrated for the rest of your life for not doing it.”

Philippe concludes by commenting that “to make Spain more innovative, it does to bring in foreign talent and get them to set up companies in the country. For example, in London half of the companies are set up by foreigners.”