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
- You agree a price with your supplier today. The invoice is due in 60 days. What will the exchange rate be by then? Nobody knows for sure, and that's the point. A 3-5% swing on a single payment can quietly erode a chunk of your margin before anyone notices. Forward contracts are one way businesses manage that gap between today's exchange rate and the one that'll apply when the payment actually settles. And there's more than one way to structure a forward contract. 👉 Swipe to see how the three main types work, and what makes each
- For 10 years, we’ve been helping businesses make their next move across borders. A new supplier in China. A growing customer base in Canada. A new entity in Germany. A deal signed in a currency you don't normally think about. That's the reality of small and medium multinationals. And behind it, there's always money that needs to move. Money to collect. Convert. Hold. Send. Exchange rates to manage. Margins to protect. And a finance team managing the complexity behind it all. That's where we've spent the last decade. Giving
- Choosing a payment provider isn't just about rates and fees. It's also about how that provider connects to the network moving your money. Direct SWIFT membership versus indirect access sounds like a technical distinction, but it shapes speed, tracking, control and how quickly you get access to new tools. Swipe through to see what the difference actually means for your payments. #CrossBorderPayments #SWIFT #TreasuryManagement #FinanceLeaders
- A shipment goes out. The invoice is agreed. Then the exchange rate moves and the margin you priced in is gone. This happens to businesses trading across borders every day, and most of them assume there's nothing to be done about it. There is. Four tactics, no complex instruments required. Swipe through to see how they work ➡️ #iBanFirst #FXRiskManagement #CurrencyRisk #InternationalBusiness
- If your finance team is still copying transaction data, manually prepping payments, and reconciling spreadsheets, you're working harder than you need to. iBanFirst connects to your accounting software and banking systems to automate the accounts payable steps that eat up time: reconciliation, payment processing, beneficiary setup, currency conversions. The result? Faster workflows, fewer errors and more time for work that matters. Swipe to see four ways connecting iBanFirst to your finance systems transforms your operations ➡️
- Still using your bank for international payments? Gert Serneels, CEO of GoAlacarte, made the switch to iBanFirst and noticed the difference quickly: ⚡ Faster transactions ↘️ Lower fees 💱 Better exchange rates His suppliers did too. #SmallMultinationalsStories #InternationalPayments #FXRiskManagement #CrossBorderPayments
- We try to catch a good rate.” It might sound like a decent option when converting funds. But in practice, it often means: ⏳waiting for the “right moment” 📈 reacting to market moves 🎲 converting based on instinct No rules. No structure. No protection. Just hoping it works out. Over time, that shows up in: – inconsistent costs – unpredictable margins – missed forecasts That’s not a strategy. It’s currency roulette. #FXRisk #CurrencyRisk #RiskManagement #TreasuryManagement #ForeignExchange
- Margins don't disappear overnight. They erode quietly, one unfavourable rate at a time, until the gap is too big to ignore. 90 days gives currency markets plenty of room to move, and without a plan in place, that movement lands straight on your bottom line. Are you forecasting your exposure and protecting your margins, or hoping the rates stay kind? #FXRiskManagement #CurrencyRisk #InternationalBusiness #iBanFirst
Open roles
- Junior AccountantBrussels · Jul 23, 2026
- Settlement & Treasury Analyst - InternshipBrussels · Dec 10, 2024
- FX Sales Executive - Belgium (French speaking)Antwerp; Brussels · Jun 14, 2024
- FX Sales Executive - Belgium (Flemish)Antwerp · Dec 5, 2022
Alumni
- PMarem AouchevaCompliance officer→Fondateur at Crypto Tax & Compliance
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