IbanFirst

IbanFirst is a Brussels-based cross-border payments and FX platform for SMEs, with EUR 200M in total funding, EUR 65M in 2024 revenues, and its first full year of profitability in 2024.[1]

2013 Founded1 Person on the graph8 News mentions

Overview

Founded in 2013 in Brussels by Pierre-Antoine Dusoulier, IbanFirst provides SMEs with multi-currency accounts, real-time international payment tracking, and FX risk management tools that simplify cross-border business finance. The platform positions between a traditional bank and a Fintech payment provider, offering competitive exchange rates and IBAN accounts in multiple currencies that businesses can open in minutes.

In May 2021, US private equity firm Marlin Equity Partners acquired a 51% stake in a transaction that valued IbanFirst at EUR 200M, with co-investment from Bpifrance and Elaia Partners. The company has since grown to near-EUR 100M ARR, with EUR 65M in 2024 revenues representing 30% year-on-year growth. 2024 was IbanFirst's first full year of EBITDA profitability (EUR 7M), a milestone the company reached without dependency on continued equity injections.

IbanFirst competes with Wise Business, Airwallex, and Equals Money in the international SME payments market, with a particular focus on European export-oriented businesses.

Funding history

  • Multiple early rounds totaling approx. EUR 30M
  • May 2021: Growth round at EUR 200M valuation, led by Marlin Equity Partners (51% stake), with Bpifrance and Elaia Partners

Key people

In the news

Alumni

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