Draft:IBanFirst
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Submission declined on 29 April 2025 by BuySomeApples (talk).
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This draft has been resubmitted and is currently awaiting re-review. |  |
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| 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 financial technology (fintech) company founded in 2016. Fintech is application of innovative technologies to products and services in the financial industry. Among the wide range of services provided by financial technologies,[1] iBanFirst specializes in cross-border payment solutions for small and medium-sized enterprises (SMEs) engaged in international trade,[2] which today combine the classic foreign exchange expertise with information and communication technologies.
As a Belgian company, iBanFirst is headquartered in Brussels; it operates across multiple European countries, including France, Germany, Spain, Italy, Hungary,[3] Romania,[4] and the Netherlands.
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History
[edit]iBanFirst was established in 2016 by Pierre-Antoine Dusoulier, a former executive at Saxo Bank. The company originated from FX4Biz, founded in 2013, which obtained a payment institution license from the National Bank of Belgium the same year. In 2016, FX4Biz rebranded to iBanFirst.
From the initial funding (2016) of €10 million in around led by Xavier Niel.[5], the company has undergone several funding rounds: an additional €15 million in Series B funding from Serena Capital, Breega Capital, and Xavier Niel (2018);[6] €21 million in a Series C round led by Elaia Partners and Bpifrance.[7] In 2021, Marlin Equity Partners acquired a 51% stake in the company, valuing it at approximately €200 million.[8]
In 2019, iBanFirst expanded by acquiring the Dutch payment institution NBWM[9] and the German fintech Forexfix.[10]
Services and operations
[edit]iBanFirst is authorized and regulated by the National Bank of Belgium under the EU Payment Services Directive 2 (PSD2). It is also a member of the SWIFT network.
Founded in 2016, iBanFirst has quickly established itself as an alternative for businesses that trade and carry out international payments. iBanFirst offers a next-generation cross-border payment experience that combines a powerful platform and the support of FX experts. It provides executives and finance teams with direct access to the foreign exchange markets and abilities to develop customized hedging strategies.
Specifically; iBanFirst offers a digital platform and API that allows businesses to open and manage currency accounts in over 30 currencies, execute international payments with real-time exchange rates, implement foreign exchange (FX) risk management strategies, such as forward contracts, integrate with accounting and treasury systems.[11]
With more than 350 employees in 13 offices across Europe, including locations in Paris, London, Munich, Madrid, Milan, and Sofia, iBanFirst processes over €1.4 billion in transaction volume each month.[12]
Performance and recognition
[edit]In 2024, the company reported revenues of €65 million and €7 million in EBITDA. It projected €85 million in revenue for 2025 and set a goal of reaching €100 million in annual recurring revenue by year-end.[13]
iBanFirst has received recognition for its rapid growth and innovation: it is Included in the Financial Times' FT 1000: Europe’s Fastest Growing Companies (2025).[14] It is the winner in the fintech category of Deloitte's Technology Fast 50 (2021) in Belgium.[15]
References and notes
[edit]- ^ Giglio, Ferdinando (2021). "Fintech: A Literature Review". European Research Studies Journal. 24 (2B): 600–627.
- ^ "iBanFirst secures EMI licence from FCA with plans to scale UK operations". www.fintechfutures.com. Retrieved 2025-04-29.
- ^ "MNB Grants License to Local iBanFirst Fintech Branch - Budapest Business Journal". Budapest Business Journal. 2023-03-23. Retrieved 2025-04-29.
- ^ Davies, Naomi (2021-09-06). "French fintech company iBanFirst opens new office in Romania". Investment Monitor. Retrieved 2025-04-29.
- ^ "French Startup Nabs $11M to Start New SME Bank". 20 October 2016.
- ^ "IBanFirst pulls in €15m, Serena, Breega and Xavier Niel invest". 15 November 2018.
- ^ "IBanFirst raises $23.8 million for its borderless financial services". Techcrunch. 11 June 2020.
- ^ "Decrypting iBanFirst's €200M Growth Equity Deal". The French Tech Journal. 28 May 2021. Retrieved 2025-04-29.
- ^ "IBanFirst Expands European Footprint with NBWM Acquisition". Finance Magnates. 20 November 2019.
- ^ "Forexfix 2025 Company Profile: Valuation, Investors, Acquisition". PitchBook.
- ^ "En quête de grandeur en Europe, iBanFirst s'établit au Royaume-Uni". L'Echo (in French). 29 June 2022.
- ^ "IbanFirst broke away from VCs in 2021. Now it's profitable and eyeing €100m ARR". Sifted. Retrieved 2025-04-29.
- ^ "La fintech belge iBanFirst passe le cap de la rentabilité et vise de nouveaux marchés". L'Echo (in French). 21 January 2025. Retrieved 25 May 2025.
- ^ "FT1000: Europe's Fastest Growing Companies 2025 ranking". Financial Times. 4 March 2025.
- ^ "IBanFirst won the Deloitte Fast 50 award in the category fastest growing BE Fintech".
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