Marlin Equity Partners takes over majority of iBanFirst

Friday 28 May 2021 11:24 CET | News

The US investment company Marlin Equity Partners has announced taking over 50% of the foreign currency specialist for medium-sized businesses iBanFirst.

Ibanfirst is an online platform for international payment transactions that enables payments for corporate customers in over 30 currencies and provides protection against exchange rate risks. Various large banks act as liquidity providers, which provide the foreign currency.

According to an iBanFirst representative, the company plans to use the capital to invest in product developments, international expansion and mergers and acquisitions (M&A). The company has recently expanded in Great Britain, and is planning to extend their offices to Romania, Bulgaria and Hungary in the future. A Marlin Equity representative states that iBanFirst’s platform is well positioned to achieve growth by targeting the B2B payments and foreign currency market.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: acquisition, cross-border payments, payment processing, transactions
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Belgium
This article is part of category

Banking & Fintech