IbanFirst, a Brussels, Belgium-based specialist in international payments with real-time exchange rate access, raised €10m in funding.
The round was led by Xavier Niel.
The company intends to use the funds to expand its banking services.
Founded in 2013 by Pierre-Antoine Dusoulier (former Head of Western Europe at Saxo Bank and French Fintech entrepreneur) under the name FX4Biz to make international payments and exchange rates more accessible to SMEs, the company has just launched a SaaS based solution to open a corporate online account in minutes and a plugin for the best Fintech services in the world to connect to a single platform and be part of a wide range of services offered to SMEs.
The company, an authorized and regulated Payment Institution by the National Bank of Belgium (NBB) (Law of 21 December 2009 on the legal status of Payment and E-Money institutions) with licenses passported across Europe, enables SMEs to access to a complete set of financial services in BaaS mode including credit, international payments and investment services.
In the coming months more services such as invoicing, startup incorporation, and others will be added.