1fs Wealth provides a digital platform for consolidating and managing diverse investment and collectible assets in one secure location. The system offers proprietary metrics for risk decomposition, performance analysis against benchmarks, and real-time insights into asset tracking and sustainability factors. This technology enables family offices, wealth managers, and high-net-worth individuals to consolidate holdings, control risk, and make data-informed portfolio decisions.
Funding
$8.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SCFounders
Product
Problem
Many businesses, financial institutions, and private clients face challenges in managing currency risk and executing international payments efficiently, often relying on traditional banking systems that lack transparency and competitive rates. This can lead to increased costs, reduced profit margins, and operational inefficiencies due to fluctuating exchange rates and complex payment processes.
Solution
Argentex provides currency management and alternative banking solutions, enabling businesses and financial institutions to make payments and trade in up to 140 currencies. The company offers tailored strategies developed by dedicated risk managers, providing access to wholesale exchange rates from Tier 1 banks and hedging solutions. Argentex also offers multi-currency accounts with a unique single virtual IBAN, supporting payments in 140 currencies, secure payment approval structures, and comprehensive reporting capabilities. Client funds are safeguarded with Tier 1 banks, ensuring security and reliability.
Target Audience
Argentex serves businesses, financial institutions, and private clients engaged in international trade and investment, who require efficient currency management and payment solutions.
Features
- Currency risk management strategies tailored to specific business needs
- Access to wholesale exchange rates from Tier 1 banks
- Multi-currency accounts supporting up to 15 currencies
- Payments and trading in up to 140 currencies
- Hedging solutions using a range of financial products
- Secure payment approval structure
- Real-time balances and statements accessible from any device
- Integration with internal systems via APIs
- PSD2-compliant endpoints for Third-Party Providers (TPPs)