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Alt21

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ALT21 Company Research Report





Company Overview



Name: ALT 21 Limited

Mission of the Company: To make financial services more accessible, transparent, and affordable by reinventing and simplifying the way people access, distribute, and consume hedging solutions.

Foundation Year and Founders: The company was previously known as Assure Hedge. Further information on the specific founding year and founders is not available.

Key People:
  • Pritesh Ruparel, Chief Executive Officer


Headquarters:
  • Registered Address: 45 Eagle Street, London WC1R 4FS, United Kingdom.

  • Additionally, ALT21 Software Limited is incorporated in Ireland with its registered office at Century House, Harold's Cross Road, Dublin 6W, Dublin, Ireland.


Number of Employees: No information is available.

Revenue: No information is available.

Known For: ALT21 is known for its sophisticated multi-currency and FX hedging solutions tailored for businesses of all sizes.



Products



Product Offering:
1. X Hedge Platform
  • Description: A platform providing multi-currency solutions accessible to finance and treasury teams worldwide.

  • Key Features: Simplified access and cost-effective hedging solutions with ultra-low, transparent costs.


2. FX Spot
  • Description: Service to convert currency now or in the near future.

  • Key Features: No onboarding fees, no hidden or subscription fees, 24/7 self-serviced access, and real-time transparency on trade mark-ups.


3. FX Forwards
  • Description: A product that allows the locking of future currency exchange rates.

  • Key Features: Offers both fixed, flexible windows forwards, up to 24-month tenors, and supports 34+ currencies with real-time markup transparency.


4. FX Options
  • Description: Provides tailor-made solutions for financial protection.

  • Key Features: Insurance-style protection with up to 24-month tenors, supporting 34+ currencies and capped margin call products.




Recent Developments



Recent Developments:
  • Funding Round: ALT21 closed a €21 million funding round aimed at expanding into new markets and licensing its technology to other fintechs and banks.


  • Partnerships:

  • Joined the Temenos Exchange to provide banks with automated and affordable FX hedging solutions.

  • Integration with Temenos banking platform, allowing banks globally to automate FX hedging processes and offer comprehensive multi-currency management for SMEs.


New Products Launched:
  • Launched products after extensive technology development, offering disruptive FX management tools; businesses can save significantly on foreign currency operations.


New Features/Upgrades:
  • Enhanced platform efficiency, supporting 34 currencies with straight-through processing and real-time pre- and post-trade transparency. This innovative approach is set to extend its strategic mission by making hedging solutions more accessible and affordable.


Other Developments:
  • ALT21 committed to ultra-low fully transparent markup pricing, significantly benefiting businesses in managing foreign transactions more efficiently and affordably.




Conclusion



ALT21 is at the forefront of financial technology tailored to democratize complex financial instruments such as FX hedging. The company's ongoing focus on innovation and accessibility, driven by its technology-centric strategy, positions ALT21 as a leading service provider in its space, supporting SMEs and larger enterprises alike through competitive and transparent pricing models. With a firm regulatory framework and strategic partnerships, ALT21 is well-placed for future growth and market expansion.