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 Belgian financial technology (fintech) company founded in 2016, specializing in cross-border payment solutions for small and medium-sized enterprises (SMEs) engaged in international trade.[1] Headquartered in Brussels, the company operates across multiple European countries, including France, Germany, Spain, Italy, Hungary,[2] Romania,[3] and the Netherlands.
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.
The company has undergone several funding rounds:
- In October 2016, iBanFirst raised €10 million in a funding round led by Xavier Niel.[4]
- In November 2018, the company secured an additional €15 million in Series B funding from Serena Capital, Breega Capital, and Xavier Niel.[5]
- In June 2020, iBanFirst raised €21 million in a Series C round led by Elaia Partners and Bpifrance.[6]
- In 2021, Marlin Equity Partners acquired a 51% stake in the company, valuing it at approximately €200 million.[7]
In 2019, iBanFirst expanded by acquiring the Dutch payment institution NBWM[8] and the German fintech Forexfix.[9]
Services
[edit]iBanFirst offers a digital platform and API that enable 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.[10]
Operations
[edit]As of 2025, iBanFirst serves over 10,000 clients worldwide, processes more than €2 billion in monthly transactions, and employs over 350 people in 13 offices across Europe, including locations in Paris, London, Munich, Madrid, Milan, and Sofia.[11]
Regulation
[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.
Financial Performance
[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.[11][12]
Awards and Recognition
[edit]iBanFirst has received recognition for its rapid growth and innovation:
- Included in the Financial Times' FT 1000: Europe’s Fastest Growing Companies.[13]
- Winner in the fintech category of Deloitte's Technology Fast 50 in Belgium.[14]
- ^ "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". bbj.hu. 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". 11 June 2020.
- ^ "Decrypting iBanFirst's €200M Growth Equity Deal". 28 May 2021.
- ^ "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. 29 June 2022.
- ^ a b "IbanFirst broke away from VCs in 2021. Now it's profitable and eyeing €100m ARR". Sifted. Retrieved 2025-04-29.
- ^ "https://www.lecho.be/entreprises/services-financiers-assurances/la-fintech-belge-ibanfirst-passe-le-cap-de-la-rentabilite-et-vise-de-nouveaux-marches/10583454.html". L'Echo. 21 January 2025.
{{cite web}}: External link in|title= - ^ "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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