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FinTech Entrepreneurs launch FX risk management firm, Instantia

By Gloria Mathias

June 18, 2024

  • fintech APAC
  • Fintech Australia
  • Fintech news

Instantia, Fintech Solutions, Fintech News, Foreign exchange, FX, Money Transfers, Fintech APAC, Fintech Australia, Risk Management Solution, VGN, Vietnam Fintech FinTech industry veterans Richard Poulton and Danny Pezeshki have joined forces with Vietnamese tech VNG to launch Instantia.

The end-to-end platform revolutionises foreign exchange by consolidating currency hedging positions into a user-friendly interface. It provides organisations with real-time market intelligence to make smarter financial decisions. The free mobile and desktop app offers a comprehensive suite of services, including currency options, forwards, spot FX, rate orders, and cross-border payment capabilities.

With an AFS license and backed by VNG, the founders of ZaloPay and Zalo (a Vietnamese messaging application), Instantia aims to be the go-to solution for importers and exporters navigating the volatile fluctuations of the Australian dollar against major currencies.

Drawing on the duo’s decade of experience at AFEX and Poulton’s tenure at Corpay, the founders identified a significant opportunity for innovation in the sector, as CFOs were often reliant on outdated paper-based systems that failed to reflect current market data. Launching now in 2024, the need for fiscal visibility and currency confidence has never been more critical.

Instantia’s system accurately forecasts positions by combining real-market intelligence from Bloomberg Intelligence, in-house data modelling, and quantitative analysis.

Danny Pezeshki shared, “Throughout my career, I’ve had CFOs calling me in tears because they have been locked into 12- or 18-month option structures with no room for manoeuvre when the market has pushed up five to ten percent against them. With these outdated and broken service models from financial institutions, customers don’t always understand the contracts they are entering into. They are working from complicated Excel spreadsheets and have zero transparency on opportunities and risks within their portfolio.  We built the Instantia platform to tackle all these issues. Rather than being sales-centric, Instantia is client-centric.”

Richard Poulton said, “The stress in financial services can be crippling and has deeply impacted me personally. Following my journey, I’ve made it my mission to promote better mental health and wellbeing in the industry. Instantia’s dedication to responsible risk management is part of that effort. In Latin, Instantia means ‘to be present’ – a commitment to stay engaged with our customers throughout their entire FX journey. We are not a faceless corporation; we are a strategic partner.”

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