User:Theophile1992


 * Box colour = 1111111
 * Name = iBanFirst
 * Image = IBanFirst Logo.png
 * Slogan = Better Banking Better Business
 * Creation date = 2013
 * Founder = Pierre-Antoine Dusoulier
 * Head office (city) = Avenue Louise 350, Brussels
 * Head office (country) = Belgium
 * Business sector = Banking services
 * Website = iBanFirst.com

IBanFirst is a FinTech operating in France and Belgium which enables companies to access a ‘Banking as a Service’ (BaaS) financial services platform either directly, or via a banking services’ API. From its inception [1] through to it becoming a fast-growing company with the ability to meet international needs, iBanFirst has been offering payment solutions for companies that trade with foreign currency, and multi-currency IBANs for companies of all sizes. The start-up has obtained a licence to function as a payment institution from the National Bank of Belgium [2]. History iBanFirst was initially founded in 2013 under the name FX4Biz [3] by Pierre-Antoine Dusoulier[4], previously head of Saxo Bank France. FX4Biz specialised in international payments in competition with Ebury[5], Western Union, and RationalFX. In October 2016, FX4Biz changed its name and became iBanFirst after raising €10 Million in funding and with Xavier Niel becoming one of the company investors, as reported in la Tribune [6], Les Echos [7] and TechCrunch[8]. In October 2017, in line with their mission to simplify the lives of business leaders, an online solution for company creation [9] ‘iBanStart’ was born in partnership with Hottinger Bank. Concept When he created iBanFirst, Pierre-Antoine Dusoulier believed, like many entrepreneurs, that traditional banks were not meeting his needs [10]. They only offered expensive and complex services that were poorly adjusted to the challenges associated with the targeted acceleration of growth, particularly those related to making foreign currency payments [11]. In fact, because of their structure [12], traditional banks are not able to satisfactorily assist SMEs in these areas. Meanwhile, the FinTech industry has benefited from the 2009 European directive [13] which authorises payment institutions other than traditional banks to disrupt the market [14]. Locations: The iBanFirst head office is located in Brussels and the company has a subsidiary in Paris and an R&D division in Dijon [15]. Today, the start-up has completed transactions for companies with a total value of more than 2 Billion Euros. [16]. iBanFirst does not have a physical branch, and in much the same way as the other FinTechs such as N26 or Revolut, it does not accept liquidity deposits, nor the issuance or cashing of cheques.