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Assure Hedge Offers Automated Hedging To Forex Traders Facing Exposure Risk

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Assure Hedge Offers Automated Hedging To Forex Traders Facing Exposure Risk

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we're profiling the companies competing for the BZ Awards.

Our next feature is on Assure Hedge.

What does your company do? What unique problem does it solve?

Graham Carrick, chief commercial officer: ​Assure Hedge democratises foreign currency hedging through technology. Current forex hedging methods available are slow, inflexible and antiquated. Therefore, most businesses exposed to FX risk remain unprotected. By utilising smart algorithms, Assure Hedge makes it easy to conduct international business across borders by providing a simple online front-end solution for businesses and high net-worth individuals to protect against currency losses. Assure Hedge’s core digital platform has been operating in a regulated environment as of the August 2017 and is currently onboarding customers and building partnerships in preparation for our exiting the UK’s FCA Sandbox in March 2018.​

Who are your customers?

Carrick: Any business that trades internationally and banks or FX providers who don't have their own FX hedging solution.

In the real world of international commerce, businesses are rarely immune to currency rate (FX) fluctuations. This is evident by the recent stats showing that, in a post-Brexit environment, 71 percent of UK exporters now see currency volatility as the single biggest threat to their business. No easy and cost-effective solution currently exists for businesses to protect their foreign currency cashflow, with solutions on offer by FX brokers and banks being fit only for institutional customers, and significantly being too costly, too complicated or simply out of reach for most businesses.​

How long have you been in business?

Carrick: ​The company was founded in 2016 with our fully regulated launch taking place in mid-March.

Where are you located?

Carrick: ​Dublin, Ireland with an office in London. 

Who is your company's leadership? What kind of experience do they have?

Carrick: ​The company is currently in our growth stage with core operations based in the IFSC in the centre of Dublin. Our team is growing, with 7 full time employees consisting of an experienced trader of 15 years as our CEO, Barry McCarthy, a very strong tech and product team of 3, a commercial and operations team from a trading and gambling background and a highly experienced investor and Company Director who has managed a team of over 200 traders in Asia. In Q4 2017 the company opened its first international office in Canary Wharf, London.​

Who are your investors, if any?

Carrick: ​Our investors consist of a high net worth individual, a government led VC and an accelerator programme. We are in the due diligence stage with a VC fund and a private equity entity.

To check out companies like Assure Hedge for yourself, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

Posted-In: Benzinga Global Fintech AwardsFintech Forex Interview Best of Benzinga

 

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