iBanFirst and SeedBlink Join Forces for Faster, Cost-effective European Investments
Aug 13, 2024 | By Team SR
iBanFirst, a leading global provider of foreign exchange and international payments for businesses, announces an innovative partnership with SeedBlink, Europe's all-in-one equity and investment platform.
SUMMARY
- iBanFirst, a leading global provider of foreign exchange and international payments for businesses, announces an innovative partnership with SeedBlink,
- Founded in 2016, iBanFirst has quickly established itself as the leading alternative for businesses that trade and carry out international payments.
The collaboration between the two European Fintechs introduces a bespoke solution for fundraising startups and their private investors, ensuring faster onboarding and access to preferential FX rates.
Read also - Praveen Kumar Raises £400,k from the Investment Fund for Scotland (IFS)
RECOMMENDED FOR YOU
Arāya Ventures funding news – London-based Arāya Ventures Secures $10.9 Million in Super Angel Fund
Startup Rise EU
Aug 29, 2024
Wayve funding news – London-based Wayve €1 Billion in Series C Round Funding
Startup Rise EU
May 7, 2024
[Funding alert] Liverpool-based MGISS Secures £600K in Funding
Startup Rise EU
Jan 30, 2024
"Collaborating with SeedBlink to introduce dedicated collection accounts represents a significant milestone in enhancing financial accessibility and transaction efficiency for scaling startups," shares Johan Gabriels, Regional Director for South-East Europe at iBanFirst. "This strategic partnership demonstrates our dedication to empowering businesses with seamless international payment solutions and personalized financial services tailored to their unique needs."
Traditional banking solutions often fail to meet the efficiency and customization needs of investment platforms, resulting in slower transactions, higher costs, and cumbersome administrative processes. This partnership addresses these challenges by introducing dedicated collection accounts for each funding round on iBanFirst’s platform. This service is tailored to accommodate SeedBlink’s complex needs, collecting multi-currency investments from around 50 European investors per project. Onboarding each account now takes a few hours, down from 10 days with traditional providers.
"Our partnership with iBanFirst underscores our commitment to providing top-tier financial solutions and democratizing a wide range of opportunities for both startups and investors," said Carmen Sebe, CEO of SeedBlink. "By leveraging iBanFirst's expertise in international payments and currency exchange services, we are setting a new standard for customer satisfaction and operational excellence within the equity and investment industry."
For investors, this partnership translates into improved financial terms for their currency exchanges and international payments. Investors can commit funds primarily in euros, but if a fundraising startup is based in Switzerland, the investments will be converted to the appropriate currency before being transferred to the startup. Additionally, investors can request to transfer their investments in multiple currencies.
About SeedBlink
SeedBlink is the all-in-one equity and investment platform that provides the infrastructure, financial services and network coverage for European tech companies and their stakeholders to access, manage and trade equity at every stage of growth.
With a comprehensive suite of products and services, SeedBlink streamlines investment processes and provides robust support throughout the equity lifecycle, from initial funding rounds through to mature investment opportunities and secondary markets.
About iBanFirst
Founded in 2016, iBanFirst has quickly established itself as the leading alternative for businesses that trade and carry out international payments. iBanFirst offers a next-generation cross-border payment experience that combines a powerful platform and the support of FX experts. With iBanFirst, executives and finance teams can get direct access to currency markets, receive, send and track payments and develop tailored hedging strategies.
Recommended Stories for You
Digital First AI funding news – Poland-based Digital First AI Raises $3.8Million in Fresh Funding
Startup Rise EU Jul 22, 2024
Magic Lane funding news – Mapping and location platform Magic Lane Secures €3Million in funding
Startup Rise EU May 13, 2024
Drive Acquisition news – Dublin-based Automotive Technology Company, Drive, has been acquired by ACV Auctions
Startup Rise EU Aug 20, 2024