FinTech Attara launches to democratise access to commodity hedging

By Gloria Methri

FinTech company Attara has announced its official launch in the UK with the mission to transform the commodity hedging landscape for businesses across the country.

By combining cutting-edge technology with expert advisory services and customised hedging solutions, Attara aims to democratise access to hedging solutions that were previously only available to large corporations, providing much-needed financial security to SMEs.

The commodities market has a profound impact on businesses’ financial health, but traditionally, only large corporations have had the resources to manage price risk effectively.

Attara seeks to level the playing field by offering simple yet powerful financial tools that reduce exposure to price volatility. The company brings over 100 years of market trading experience with disruptive AI technology, enabling clients to make confident financial decisions.

Attara offers specialist services across three main areas:

Fuel Lock: a specialist hedging tool offering UK companies budget security by fixing future fuel prices without changing suppliers

Agriculture & Soft Commodity hedging: mitigating high-stakes commodity price risks inherent to the agriculture market, whether you’re  a grower, merchant, food or animal feed manufacturer, retailer, brewer, or any other market participant

Metals: enabling businesses to gain complete control over metals costs, delivering a valuable advantage to your operations, budgeting and forecasting, whether you rely on the price of ferrous, base and non-ferrous or precious metals

CEO and Founder Richard de Meo says, “Price fluctuations in commodity markets are inevitable, but financial risk doesn’t have to be. Hedging is an effective financial strategy to reduce this exposure, but for too long, it has been reserved for those with the resources and tools to navigate market complexities. This puts large corporations at a significant advantage, which is a major injustice.”

“We are thrilled to fill this gap in the market by sharing our specialist solutions that businesses of any size can access. Our deep expertise, combined with simple yet powerful tools, will help more businesses to take control and make confident financial decisions – leaving them to get on with what matters most, running their business.”