User:EmirH89/IBanFirst

EmirH89/IBanFirst
Founded 2016
Founders Pierre-Antoine Dusoulier
Slogan Trust beyond borders
Headquarters Avenue Louise 350, 1050 Brussels - Belgium
Industry Financial services
Products cross-border payments, B2B payments, currency risk management, online platform
Website iBanFirst.com

iBanFirst is a Belgian financial technology (fintech) company founded in 2016, specializing in cross-border payment solutions for small and medium-sized enterprises (SMEs) with international activities. Headquartered in Brussels, the company operates in multiple European countries, including France, Belgium, Germany, Spain, Italy, Hungary, Romania, the Netherlands, etc.

iBanFirst offers a digital platform and financial services API that enable businesses to execute payments and foreign currency transfers using real-time exchange rates. It allows companies to manage foreign exchange (FX) risk, conduct international transactions, and access real-time currency markets. iBanFirst is regulated by the National Bank of Belgium.

History

iBanFirst was founded in 2016 by Pierre-Antoine Dusoulier, a former executive at Saxo Bank. The company originated from FX4Biz, established in 2013, which obtained a payment institution license from the National Bank of Belgium the same year. In 2016, the company rebranded to iBanFirst.​[1]

The company has undergone several funding rounds:​

  • In 2016, iBanFirst raised €10 million, with investors including Xavier Niel.​
  • In 2018, the company secured an additional €15 million.[2]
  • In 2020, iBanFirst raised €21 million, with Elaia Partners joining as an investor.​[3]
  • In 2021, Marlin Equity Partners acquired a 51% stake in iBanFirst, valuing the company at approximately €200 million.​[1]

In 2019, iBanFirst expanded its operations by acquiring the Dutch payment institution NBWM[4] and the German fintech company Forexfix[5].​

Services

iBanFirst provides a platform that allows businesses to:

  • Open and manage currency accounts in over 30 currencies.[6]
  • Execute international payments with real-time exchange rates.
  • Implement FX risk management strategies.[7]
  • Integrate with accounting and treasury systems for streamlined operations.[8]

The platform is designed to offer transparency, competitive pricing, and efficiency for SMEs engaged in international trade.

Operations

As of 2025, iBanFirst serves over 10,000 clients worldwide, processes more than €2 billion in transactions monthly, and employs over 350 people across 13 offices in Europe, including locations in Paris, London, Munich, Madrid, Milan, and Sofia.[9]

Regulation

iBanFirst is authorized and regulated by the National Bank of Belgium as a payment institution.[10] The company is a member of the SWIFT network and is certified to operate throughout the European Union under the Payment Services Directive 2 (PSD2).[11] ​

Financial Performance

In 2024, iBanFirst reported revenues of €65 million, marking a 30% increase from the previous year, and achieved €7 million in EBITDA, representing its first full year of profitability. The company projects revenues of €85 million for 2025 and aims to reach €100 million in annual recurring revenue by the end of the year.[9]

Awards and Recognition

iBanFirst has been recognized for its rapid growth and innovation in the fintech sector:​Silicon Canals

  • Listed in the Financial Times' FT 1000: Europe's Fastest Growing Companies.​uk.ibanfirst.com[12]
  • Winner in the fintech category of Deloitte's Technology Fast 50[13] in Belgium. ​

References

  1. ^ a b "Marlin signs definitive agreement to complete growth equity investment in iBanFirst | News". Marlin Equity Partners. Retrieved 2025-04-28.
  2. ^ Loritz, Mary (2018-11-15). "Fintech startup iBanFirst raises €15 million for its international payment platform for SMEs". EU-Startups. Retrieved 2025-04-28.
  3. ^ Dillet, Romain (2020-06-11). "iBanFirst raises $23.8 million for its borderless financial services". TechCrunch. Retrieved 2025-04-28.
  4. ^ "iBanFirst expands with NBWM acquisition - FX Markets". www.fx-markets.com. 2019-11-20. Retrieved 2025-04-28.
  5. ^ "Forexfix - Crunchbase Company Profile & Funding". Crunchbase. Retrieved 2025-04-28.
  6. ^ "Payment solutions for borderless business". iBanFirst. Retrieved 2025-04-28.
  7. ^ "Payment solutions for borderless business". iBanFirst. Retrieved 2025-04-28.
  8. ^ "API Quickstart Guide". iBanFirst | API.
  9. ^ a b "IbanFirst broke away from VCs in 2021. Now it's profitable and eyeing €100m ARR". Sifted. Retrieved 2025-04-28.
  10. ^ "Etablissements de paiement agréés en Belgique". Banque Nationale de Belgique.
  11. ^ Hindle, Paul (July 1, 2022). "iBanFirst snaps up UK foreign exchange provider Cornhill". Fintech Futures. Retrieved 2025-04-28.
  12. ^ "FT1000: Europe's Fastest Growing Companies 2025 ranking". Financial Times. 2025-03-04. Retrieved 2025-04-28.
  13. ^ "iBanFirst won the Deloitte Fast 50 award in the category fastest growing BE Fintech". FinTech Belgium. Retrieved 2025-04-28.

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