Faced with volatile foreign exchange rates that can have an impact on profits, the Franco-Belgian platform iBanFirst allows SMEs to easily compare exchange rates and make transactions in 25 currencies. The international payments platform has recently completed a €15 million round led by Serena Capital, with participation from the Breega Capital Fund and Xavier Niel.
Launched in 2013 by Pierre-Antoine Dusoulier, the Franco-Belgian platform has more than 2,500 clients, which have made over 100,000 payments through the platform since its creation, including 40,000 in 2018. In total, more than €5 billion has been transferred using iBanFirst, including €2 billion this year.
iBanFirst aims to become the European leader in financial services for companies with international activity. The startup will use the funding to support R&D and launch new services, and to strengthen the fintech’s international presence in Europe and Asia. The company hopes to generate €100 million in revenue within five years.
Pierre-Antoine Dusoulier, founder and CEO of iBanFirst, said: “Our ambition is to constantly enrich our platform with new services. In the near future, we will offer access to new currencies, debt financing, cash investments and even more sophisticated forward exchange solutions.”