IbanFirst has just settled in Spain. The company international payment service provider for SMEs has just opened an office in Madrid. This multinational of French origin begins its activity in our country with the aim of leading the fintech market for international collections and payments in the segment of medium-sized and small Spanish companies within a period of five years.
Founded in 2013 by Pierre-Antoine Dusouliercurrently iBanFirst is active on nine european countries. Thus, in addition to Spain, it has offices in France, Germany, Italy, Holland, Belgium, Bulgaria, Romania and Hungary, from which it works with more than 12,000 clients globally.
In Spain, the fintech will be led by Louis Azofra, who assumes the position of country manager and will be responsible for promoting its growth at the local level. Azofra has a long history of more than 20 years in the sector, during which he has been part of the global markets area in JP-Chase, ABN, BBVA both in Spain and in the United Kingdom and, later, at the head of Ebury Spain, one of the main fintech companies in the Spanish foreign exchange market.
Supported by its own technology, iBanFirst has developed a platform based on the process integration within a single interface, with a high degree of personalization of products and services. In addition, the team of managers that IbanFirst has in Spain accredits an average of more than 15 years of experience in foreign exchange markets.
“Small and medium-sized companies are often relegated to the background by the international payment departments of banking entities, incurring in a certain standardization of services and lack of transparency. In fact, 42% of this type of company assures that they have had problems with payments abroad that have affected important commercial relationships”, says Pierre-Antoine Dusoulier, founder and CEO of IbanFirst.
Payments in more than 30 currencies
IbanFirst allows payments to be made in more than 30 currencies and offers risk coverage of exchange rate. In 2021, it registered a volume of transactions worth 12,000 million euros, a figure that it expects to double by the end of the year.
The landing in Spain comes after the capital investment of 200 million euros by the international firm Marlin Equity Partners (MEP), to finance the development of new products, promote international expansion and support corporate agreements of mergers and acquisitions.
