Defthedge, a Paris, France-based SaaS for managing exchange rates and commodities, announced that it raised €900,000 in its second round of funding.
The investment was completed in collaboration with corporate finance, banking, energy, and consulting business angels, including BeAngels and Provence Angels.
This funding will be used to strengthen its commercial relationships with resellers and consulting firms, accelerate direct marketing to corporate treasurers and financial directors, and improve interoperability with banks and software publishers.
DeftHedge is a SaaS application that helps manage commodities and currency risks in economic and accounting decision-making. Its application is addressed to business leaders and CFOs facing the volatility of the foreign exchange market.
The company's goal is to help businesses manage their foreign currency risk in order to help them achieve their goals, which may include margin protection, lower P/L volatility, protection against economic risk, and/or maintaining competitiveness.
To automate the process of analyzing and controlling financial risks, Defthedge’s program organizes and analyzes all market and company data.
Company: Deft Softwares Europe SAS
Funding Month: February 2023
Additional Investors: BeAngels and Provence Angels
Company Website: https://www.defthedge.com/
Software Category: Risk Management Software
About the Company: Founded in 2017 and led by CEO Olivier Lechevalier, DeftHedge is a B2B SaaS solution dedicated to the management of foreign exchange (exchange rate) and commodity risks. It offers SaaS software to simplify and manage foreign currencies as well as commodities. DeftHedge helps neutralize financial risks while taking advantage of positive market developments. It supports companies on a daily basis to achieve their objectives of protecting margins, protecting against economic risk, losing competitiveness, and reducing earnings volatility.