Fintech
FinTech entrepreneurs launch FX risk management firm, Instantia
By Gloria Mattia
Today
- fintech APAC
- Fintech Australia
- Fintech news
FinTech industry veterans Richard Poulton and Danny Pezeshki have joined forces with Vietnamese technology VNG to launch Instant.
The end-to-end platform is revolutionized foreign currency consolidating currency hedging positions in one intuitive interface. It provides organizations with real-time market intelligence to make smarter financial decisions. The free mobile and desktop app offers a full suite of services, including currency options, futures contracts, spot foreign exchange, rate orders and cross-border payment functionality.
With an AFS license and supported by VNG, the founders of ZaloPay and Zalo (a Vietnamese messaging application), Instantia aims to be the go-to solution for importers and exporters facing the volatile fluctuations of the Australian dollar against major currencies.
Drawing on the pair’s decades of experience at AFEX and Poulton’s tenure at Corpay, the founders identified a significant innovation opportunity in the industry, as CFOs were often reliant on outdated paper-based systems that failed to reflect current market data. Now launching in 2024, the need for fiscal visibility and currency confidence has never been more critical.
Instantia’s system accurately predicts positions by combining real market intelligence from Bloomberg Intelligence, in-house data modeling and quantitative analysis.
Danny Pezeshki shared, “Throughout my career, I’ve had CFOs call me in tears because they were stuck in 12- or 18-month options structures with no wiggle room when the market pushed up 5 to 10% against them. With these outdated and broken service models from financial institutions, customers do not always understand the contracts they are entering into. They work with complicated Excel spreadsheets and have no transparency into opportunities and risks within their portfolio. We created the Instantia platform to address all these problems. Instead of being sales-centric, Instantia is customer-centric.”
Richard Polton said: “Stress in financial services can be paralyzing and has affected me deeply on a personal level. After my trip, I made it my mission to promote better mental health and well-being in the industry. Instantia’s commitment to responsible risk management is part of this commitment. In Latin, Instantia means “to be present”: a commitment to staying engaged with our clients throughout their entire FX journey. We are not a faceless society; we are a strategic partner.”
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