Company Research Report: iBanFirst

Company Overview

• Name: iBanFirst

• Mission: To empower businesses to operate seamlessly across borders by simplifying cross-border transactions, providing transparent fees, and offering expert foreign exchange (FX) support.

• Founded: 2016

• Founder: Pierre-Antoine Dusoulier

• Key People:

• Pierre-Antoine Dusoulier, CEO & Founder

• Sonia Boudier, Chief Strategy Officer

• Arnaud De La Porte, Chief Financial Officer

• Ivo Mertens, Chief Revenue Officer

• David Remaud, Chief Marketing Officer

• Julien Molez, Chief Operations Officer

• Chi Fai Fung, Chief Risk Officer

• Geoffrey Lepage, Chief Compliance Officer

• Alexandre Schont, VP Sales France

• Johan Gabriels, Regional Director, Southeast Europe

• Jeroen Hoevers, Regional Director, Benelux & Germany

• Matthieu Chaigne, Chief Communication Officer

• Anne-Sophie Pradier, Chief of Staff to CEO

• Headquarters: Avenue Louise 350, 1050 Brussels, Belgium

• Number of Employees: Over 350

• Revenue: No information is available

• What the Company is Known For: iBanFirst is a fintech company known for its innovative platform that facilitates fast, transparent, and efficient cross-border transactions. It serves over 10,000 clients worldwide and processes more than €2 billion in transactions monthly.

Products

Currency Accounts

• Description: Enables businesses to open multiple currency accounts with ease.

• Key Features:

• Ability to hold over 30 different currencies.

• Easily open accounts in a few clicks.

• Real-time transaction snapshots and account balance insights.

Cross-Border Payments

• Description: Simplifies international transactions for businesses.

• Key Features:

• Frictionless, traceable payments.

• Access to market-leading exchange rates.

• Option to choose preferred payment speeds.

International Payment Tracking

• Description: Offers tracking capabilities for cross-border transactions.

• Key Features:

• Real-time updates on transaction status.

• Transparency in the payment process.

Currency Risk Management

• Description: Assists businesses in managing risks associated with currency fluctuations.

• Key Features:

• Hedging solutions (forward, flexible forward, dynamic forward).

• Ability to lock in exchange rates to protect margins.

Recent Developments

• Recent Developments:

• iBanFirst has confirmed hypergrowth and announced a new brand identity as of March 30, 2023.

• The company processed €2 billion monthly in transactions and announced reaching profitability by May 3, 2024.

• New Products Launched:

• Local USD accounts launched on May 30, 2023, to support companies expanding in the US market.

• New Features:

• No specific new features mentioned separately for existing products.

• New Partnerships:

• Acquired Cornhill, a UK-based FX provider, on November 16, 2022, enhancing its market position in Europe.

• Collaborated with global investment firm Marlin Equity Partners on May 27, 2021, to finance growth initiatives.

iBanFirst continues to expand its footprint across Europe with 13 offices, further cementing its position as a leader in cross-border financial services.