You can open balances and hold money in multiple currencies in your account.

Your client can then initiate a local bank transfer to your iBanFirst account to pay you. The company wants to add more currencies and more features. After creating an iBanFirst account, you can make cross-border payments in 30 currencies. You can open balances and hold money in multiple currencies in your account.

If you want, you can put your company name in your banking information.

With your French IBAN, the startup is doing something special. It’s easier to get paid from all your clients. iBanFirst took advantage of that to create a sort of domain names for IBANs.

But Elaia stepped in to replace the previous lead investor and submitted a term sheet just a few weeks later.

Your client can then initiate a local bank transfer to your iBanFirst account to pay you.

“We realized that some IBANs had a letter here and there,” Dusoulier said. Sending money from one iBanFirst account to another is instantaneous. You can see the exchange rate in real time. iBanFirst was in the process of raising its funding round before the coronavirus pandemic. With 100 employees and 2,000 clients, iBanFirst now focuses on clients who transfer at least €100,000 per year. The lead investor dropped the deal at the last minute. As for getting paid, iBanFirst gives you your own banking information in 30 currencies. But iBanFirst doesn’t stop at initiating payments from your main currency. You can share a Turkish IBAN, an American account number or Chinese banking details with your company’s name on them.

You first send money from your corporate bank account to your iBanFirst account. Thanks to the upcoming European regulation, you could imagine connecting to your regular corporate account from the iBanFirst interface to initiate a transfer. iBanFirst solves a very specific problem. Just like TransferWise is helping people and freelancers move money around the world, iBanFirst is solving a similar issue but for small and medium companies. But you’ll likely pay way less than using your traditional bank account. But Elaia stepped in to replace the previous lead investor and handed a term sheet just a few weeks later. After that, you can send money to a client, a supplier, a partner, etc. The lead investor dropped the deal at the last minute. iBanFirst lets you pay suppliers and get paid by clients all around the world in dozens of currencies.

Your email address will not be published. You also can aggregate your existing bank account on iBanFirst so that you can view all your accounts in the same dashboard. But iBanFirst doesn’t stop at initiating payments from your main currency.

If you operate a company that works with suppliers all over the world, chances are you waste a ton of money exchanging and sending money.

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French startup iBanFirst is raising another $17 million (€15 million) from Serena Capital and Breega Capital, with existing investor Xavier Niel putting in more money, as well. But iBanFirst goes one step further by giving you banking information for each currency. iBanFirst shows you the interbank exchange rate and how many fees you’ll pay. If you’re an iBanFirst customer, you can share a Turkish IBAN, an American account number or Chinese banking details.

French startup iBanFirst has raised a $23.8 million (€21 million) Series C round from Elaia and Bpifrance’s Large Venture fund. iBanFirst lets you pay suppliers and get paid by clients all around the world in dozens of currencies. In total, the startup has raised $52.2 million (€46 million). This way, your supplier gets paid the exact amount on the invoice.

Your email address will not be published. You can then convert and hold money in 28 currencies.

Indeed, iBanFirst tries to be as transparent as possible when it comes to fees. In total, the startup has raised $52.2 million (€46 million). iBanFirst tries to be as transparent as possible when it comes to fees.

iBanFirst now has 180 employees and 4,000 customers across Europe. For instance, you could pay your suppliers from your transportation management system (TMS) or enterprise resource planning system (ERP). You transfer money to a local account in your country, you exchange to another currency and you initiate a transfer from a local bank in your supplier’s country. For instance, you could pay your suppliers from your transportation management system (TMS) or enterprise resource planning system (ERP). The French startup has raised a $23.8 million (€21 million) Series C round from Elaia and Bpifrance’s Large Venture fund.

It opens up a ton of possibilities as you can manage your exposure to foreign currencies, hedge risk and even lock forward contracts to get a predictable exchange rate in the future. Everything is accessible through an API, which lets you initiate a payment in your usual tools.

iBanFirst says its payment volume tripled between March 2019 and March 2020.

French startup iBanFirst is raising another $17 million (€15 million) from Serena Capital and Breega Capital, with existing investor Xavier Niel putting in more money, as well. According to a source, the company has been doing well with close to $20 million in annual revenue. French startup iBanFirst has raised a $23.8 million (€21 million) Series C round from Elaia and Bpifrance’s Large Venture fund.

Previous investors include Serena, Breega and Xavier Niel — Serena and Breega also participated in today’s funding round. That would be much more straightforward than transferring money to iBanFirst before using it. You transfer money to a local account in your country, you exchange to another currency and you initiate a transfer from a local bank in your supplier’s country. TechCrunch iBanFirst lets you pay suppliers and get paid by clients all around the world in dozens of currencies.

Previous investors include Serena, Breega and Xavier Niel — Serena and Breega also participated in today’s funding round.

Previous investors include Serena, Breega and Xavier Niel — Serena and Breega also participated in today’s funding round.

by Romain Dillet | Jun 11, 2020 | News | 0 comments. iBanFirst wants to make currency conversion as easy as transferring money from your savings account to your current account. After creating an iBanFirst account, you can make cross-border payments in 30 currencies.

Required fields are marked *, Designed & Hosted By Top Technical Solutions LLC. “We called SWIFT, and they told us that we could put whatever we wanted for 10 characters.”. It opens up a ton of possibilities as you can manage your exposure to foreign currencies, hedge risk and even lock forward contracts to get a predictable exchange rate in the future.

Sending money from one iBanFirst account to another is instantaneous.

“We’ve already done a €50 million transfer,” iBanFirst founder and CEO Pierre-Antoine Dusoulier told me. Just like TransferWise is helping people and freelancers move money around the world, iBanFirst is solving a similar issue but for small and medium companies.

You can see the exchange rate in real time.

As for getting paid, iBanFirst gives you your own banking information in 30 currencies.

The startup partners with local banking partners so that you pay much less than what you’d pay with your existing corporate bank account. You can share a Turkish IBAN, an American account number or Chinese banking details with your company’s name on them. According to a source, the company has been doing well, with close to $20 million in annual revenue; iBanFirst says its payment volume tripled between March 2019 and March 2020.

The startup partners with local banking partners so that you pay much less than what you’d pay with your existing corporate bank account. This way, your supplier gets paid the exact amount on the invoice. And it turns out that it creates a different set of challenges.

iBanFirst was in the process of raising its funding round before the coronavirus pandemic. iBanFirst was in the process of raising its funding round before the coronavirus pandemic. French startup iBanFirst has raised a $23.8 million (€21 million) Series C round from Elaia and Bpifrance’s Large Venture fund. Everything is accessible through an API, which lets you initiate a payment in your usual tools. 2020. It’ll look like a local transfer and you’ll save money on fees.

Many companies already do that. You can also aggregate your existing bank account on iBanFirst so that you can view all your accounts in the same dashboard. And it turns out that it creates a different set of challenges. The company now has 180 employees and 4,000 customers across Europe.

iBanFirst lets you pay suppliers and get paid by clients all around the world in dozens of currencies.