For more information about iBanFirst Forex Broker company profile, come to WikiBit!
Business
License
iBanFirst was founded in 2016 by Pierre-Antoine Dusoulier and has quickly established itself as a prominent player in the fintech sector, particularly in the realm of cross-border payments. The company was created to provide small and medium-sized businesses (SMBs) with a more efficient and transparent alternative to traditional banking solutions for international transactions.
iBanFirst is a privately held company and has received significant backing from various investment firms, including Marlin Equity Partners, which acquired the company in May 2021 for €200 million. This acquisition has enabled iBanFirst to expand its services and enhance its technological capabilities.
The company is headquartered in Brussels, Belgium, strategically located within the European Union to facilitate cross-border transactions for businesses operating in and outside of Europe.
iBanFirst operates across Europe, providing services to over 10,000 clients in various countries. The company processes more than €2 billion worth of transactions monthly, allowing businesses to hold, collect, and send funds in over 30 currencies.
iBanFirst is regulated by the National Bank of Belgium as a payment institution and is authorized to operate throughout the European Union. The company holds AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider) accreditations under the PSD2 regulations, ensuring compliance with European financial standards.
Since its inception, iBanFirst has expanded its operations to include 13 offices across Europe, employing over 350 staff members. The company has continually enhanced its platform to meet the evolving needs of its clients, including the introduction of local USD accounts to support businesses expanding into the U.S. market.
iBanFirst has successfully grown its client base to over 10,000 companies, ranging from small startups to established enterprises. This growth can be attributed to its commitment to providing transparent pricing and exceptional customer service.
The iBanFirst platform has undergone significant enhancements since its launch, focusing on user experience and functionality. The platform allows users to manage multiple currency accounts, track international payments in real-time, and implement hedging strategies to mitigate currency risk.
iBanFirst has received several accolades, including the Technology Fast 50 award in the fintech category and recognition in the Financial Times' list of Europe‘s 1,000 fastest-growing companies. These awards underscore the company’s innovative approach and its impact on the financial services sector.
iBanFirst offers a comprehensive range of forex trading options, allowing clients to transact in over 30 currencies. The platform provides real-time access to currency markets, enabling businesses to make informed trading decisions and manage their foreign exchange exposure effectively.
Currently, iBanFirst does not offer stock trading services directly. The company focuses primarily on currency transactions and related financial services, catering specifically to businesses engaged in international trade.
iBanFirst does not provide Contracts for Difference (CFDs) as part of its service offerings. The company is primarily focused on facilitating cross-border payments rather than engaging in speculative trading products.
While iBanFirst specializes in currency transactions, it does not currently offer cryptocurrencies or commodities trading. The platform is dedicated to providing solutions for businesses needing efficient and transparent cross-border payment services.
iBanFirst stands out for its unique advantages, including:
iBanFirst operates under the regulatory oversight of the National Bank of Belgium, ensuring compliance with European financial regulations. The company is also a member of the SWIFT network and SEPA certified, adhering to the highest standards of security and operational integrity.
iBanFirst is structured as a payment institution under Belgian law, allowing it to provide payment services across the European Union. The company has established local entities in various countries to facilitate its operations and enhance client support.
To protect client funds, iBanFirst holds collected funds in separate accounts at leading EU banks, as required by law. This segregation of funds ensures that clients' money is safeguarded against potential operational risks.
iBanFirst serves clients in over 30 countries, focusing primarily on European markets. Its services are particularly beneficial for businesses engaged in international trade and cross-border transactions.
iBanFirst maintains a strong compliance history, adhering to AML (Anti-Money Laundering) and CFT (Counter Financing of Terrorism) regulations. The company's commitment to regulatory compliance is evident in its operational practices and client interactions.
iBanFirst faces competition from several key players in the fintech and payment processing industry, including:
iBanFirst positions itself as a trusted partner for SMBs seeking efficient cross-border payment solutions. Its focus on transparency, customer service, and technological innovation differentiates it from traditional banks and other fintech providers.
The key factors that set iBanFirst apart in the market include:
In conclusion, iBanFirst has established itself as a leading alternative for businesses engaging in international payments. With a focus on transparency, user experience, and regulatory compliance, the company is well-positioned to support the evolving needs of SMBs in a globalized economy. For more information about iBanFirst and its services, learn more.
Explore broker companies: forex/fx trading, investment, and global limited. Check company details.