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Draft:IBanFirst

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  • Comment: Only one source added since last submission and it does not meet WP:ORGCRIT. A closer look at the rest of the sources show they are all routine coverage and nothing that meets WP:CORPDEPTH. CNMall41 (talk) 04:29, 18 June 2025 (UTC)
  • Comment: No additional sources were added since last decline. ~/Bunnypranav:<ping> 14:11, 13 June 2025 (UTC)


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 company that provides international payments and foreign exchange services to small and medium-sized enterprises (SMEs).[1] Founded in 2013, the company operates in multiple European markets and is known for its online platform that facilitates cross-border B2B transactions without using traditional banks.[2] In 2025, it was listed among the Financial Times' FT1000 fastest-growing companies in Europe.[3] It is the winner in the fintech category of Deloitte's Technology Fast 50 (2021) in Belgium.[4] In 2025, it was listed in the 'Top 100 Cross-Border Payment Companies" by FXCintelligence.[5] Additionally, CNBC listed it as part of its "World’s top fintech companies: 2025" list, in the 'Payment' category.[6]

History

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The company originates 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.[7]

In 2019, iBanFirst expanded by acquiring the Dutch payment institution NBWM[8] and the German fintech Forexfix.[9] In 2023, iBanFirst expanded its UK footprint through the acquisition of Cornhill, a UK-based foreign exchange provider.[10]

iBanFirst raised €10 million in 2016, followed by a €15 million Series B in 2018 and a €21 million Series C in 2020.[11][12][13] In 2021, Marlin Equity Partners acquired a 51% stake, valuing the company at €200 million.[14]

Services and operations

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In the European Union, iBanFirst is authorized and regulated by the National Bank of Belgium under the EU Payment Services Directive 2 (PSD2).[15] In the United Kingdom, it is licensed as an Electronic Money Institution (EMI) and registered under Payment Services Regulations by the UK Financial Conduct Authority (FCA).[16]

According to Les Echos (2021), iBanFirst provides an online platform through which European SMEs manage foreign exchange and international payments.[17]

By early 2025, iBanFirst reported having 10,000 corporate clients, over 350 employees, and 13 offices across Europe including Paris, London, Munich, Madrid, Milan, and Sofia.[2]

Performance

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In 2023, the company reported revenues of €50 million and was EBITDA-positive.[18]

See also

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References and notes

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  1. ^ Théaud, Bertrand (2025-07-09). "iBanFirst Review [2025]: Pros, Cons & What To Use Instead | Statrys". statrys.com. Retrieved 2025-07-16.
  2. ^ a b "IbanFirst broke away from VCs in 2021. Now it's profitable and eyeing €100m ARR". Sifted. 2025-01-17. Retrieved 2025-06-13.
  3. ^ "FT1000: Europe's Fastest Growing Companies 2025 ranking". Financial Times. 2025-03-04. Retrieved 2025-06-12.
  4. ^ "IBanFirst won the Deloitte Fast 50 award in the category fastest growing BE Fintech". Deloitte Belgium. 2021-11-26. Retrieved 2025-06-12.
  5. ^ "The Top 100 Cross-Border Payment Companies". FXC Intelligence. 2025-05-08. Retrieved 2025-06-17.
  6. ^ "The world's top fintech companies: 2025". CNBC. 2025-07-16. Retrieved 2025-07-16.
  7. ^ "Ibanfirst, 10 millions d'euros pour étendre les services financiers aux PME en Europe". FRENCHWEB.FR (in French). 2016-10-18. Retrieved 2025-06-12.
  8. ^ "IBanFirst Expands European Footprint with NBWM Acquisition". Finance Magnates. 2019-11-20. Retrieved 2025-06-12.
  9. ^ "Forexfix 2025 Company Profile: Valuation, Investors, Acquisition". PitchBook. 2025. Retrieved 2025-06-12.
  10. ^ "Marlin portfolio company iBanFirst signs definitive agreement to acquire Cornhill | News". Marlin Equity Partners. Retrieved 2025-06-06.
  11. ^ "French Startup Nabs $11M to Start New SME Bank". TechCrunch. 2016-10-20. Retrieved 2025-06-12.
  12. ^ "IBanFirst pulls in €15m, Serena, Breega and Xavier Niel invest". Fintech Global. 2018-11-15. Retrieved 2025-06-12.
  13. ^ Dillet, Romain (2020-06-11). "IBanFirst raises $23.8 million for its borderless financial services". Techcrunch. Retrieved 2025-06-12.
  14. ^ "Decrypting iBanFirst's €200M Growth Equity Deal". The French Tech Journal. 28 May 2021. Retrieved 2025-04-29.
  15. ^ "Betalingsinstellingen met vergunning in België | nbb.be". www.nbb.be (in Dutch). Archived from the original on 2025-04-07. Retrieved 2025-06-12.
  16. ^ "IBANFirst – Register entry". Financial Conduct Authority. 2025. Retrieved 2025-06-12.
  17. ^ "IBanFirst s'arme financièrement pour consolider le marché du transfert d'argent BtoB". Les Echos (in French). 2021-05-27. Archived from the original on 2024-02-26. Retrieved 2025-06-12.
  18. ^ "Fintech : Ibanfirst a enregistré 50 millions d'euros de revenus en 2023". Les Echos (in French). 2024-05-03. Archived from the original on 2024-05-08. Retrieved 2025-06-12.
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