IBanFirst

IBanFirst

Provides international payment solutions based on cutting-edge technology that gives companies full control on foreign exchange and payments. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2015201620172018201920202021
Revenues1.4m1.2m2.4m3.9m7.9m12.1m20.6m
% growth-(16 %)101 %63 %102 %52 %71 %
EBITDA<1m(1.5m)(2.3m)(4.1m)(6.5m)(8.1m)(11.7m)
% EBITDA margin35 %(123 %)(96 %)(104 %)(82 %)(68 %)(57 %)
Profit<1m(2.1m)(2.9m)(4.8m)(8.1m)(9.3m)(14.2m)
% profit margin4 %(172 %)(122 %)(123 %)(102 %)(77 %)(69 %)

Source: Dealroom estimates

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DateInvestorsAmountRound
*

$11.0m

Early VC
*

€15.0m

Series B

€21.0m

Series C
*

$200m

Acquisition
Total FundingAUD78.2m

Recent News about IBanFirst

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More about IBanFirstinfo icon
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iBanFirst is a financial technology (fintech) company that provides an online platform for multicurrency transactions. This platform is designed to simplify and enhance the experience of making international payments and managing financial services across different currencies. The company primarily serves small to medium-sized enterprises (SMEs) that engage in cross-border trade and need efficient, cost-effective solutions for handling multiple currencies.

Operating in the fintech market, iBanFirst addresses the needs of businesses that require reliable and transparent financial services to manage their international transactions. The company’s platform offers a range of services including currency exchange, international payments, and financial risk management. These services are crucial for businesses that operate globally and need to mitigate the risks associated with currency fluctuations.

iBanFirst’s business model is based on providing a subscription-based service where clients pay for access to the platform and its various features. Additionally, the company earns revenue through transaction fees and currency exchange margins. By offering competitive rates and a user-friendly interface, iBanFirst aims to attract and retain clients who are looking for a more efficient alternative to traditional banking services.

The company has a strong presence in several European cities including Brussels, Antwerp, Dijon, Paris, Rotterdam, and Tunis. This geographical spread allows iBanFirst to cater to a diverse client base and provide localized support and services.

In summary, iBanFirst is a fintech company that specializes in multicurrency transactions and financial services for SMEs engaged in international trade. It operates on a subscription and transaction fee model, providing a cost-effective and efficient alternative to traditional banking.

Keywords: fintech, multicurrency, international payments, SMEs, currency exchange, financial services, cross-border trade, transaction fees, subscription model, Europe.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by IBanFirst

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Forexfix
ACQUISITION by IBanFirst Dec 2019
Cornhill International Payments
ACQUISITION by IBanFirst Jun 2022