Fintech company IbanFirst, specialized in international payments with real-time exchange rate access, raises €10 Million announcing their next growth phase as well as new innovative online financial services for SMEs, available in Banking-as-a-Service (BaaS) mode.
With BaaS, IbanFirst can bring together all Fintech companies under one single web platform to provide the day to day financial services an SME would need, without having to go to a bank or being charged extensive costs for it.
Founded in 2013 by Pierre-Antoine Dusoulier (former Head of Western Europe at Saxo Bank and celebrated French Fintech entrepreneur) under the name FX4Biz, IbanFirst welcomes in this development phase, 2 key new features for entrepreneurs:
- The solution to open a corporate online account in minutes. This feature allows a seamless online set-up, reducing time from days to 2 minutes.
- A Fintech services plugin which connects to a single platform and is part of a wide range of services offered to SMEs.
Pierre-Antoine Dusoulier, CEO and founder of IbanFirst, said:
SMEs are the heart of the economy. IbanFirst is the only platform tailor made to their needs which enables them to have instant access to a payment account and a multi-currency banking infrastructure. They can then receive money and pay their international suppliers in a transparent fees framework.
With this account they can also access a new ecosystem called ‘Bank-as-a-Service’ (BaaS) which is advantageous for the end-user as it gives them access to all the best fintech services and experts but also frees them from all costs they need to incur when they engage with a bank. We are now really changing the way SMEs are accessing financial services today, as they won’t need a bank anymore.”