London, UK – October 8 2025 - New tool will automatically process invoices, simplifying international payments for businesses, at a time when global trade is paramount for success .
iBanFirst, the next-generation cross-border payment services provider, today announces the launch of iBanPay for customers operating in the UK. The AI-powered assistant transfers incoming invoices into ready-to-approve payment orders, reducing errors and freeing finance teams from manual, time-consuming tasks.
iBanPay scans, extracts, and validates the key payment details from invoices, such as beneficiary information, currency, and amounts, and automatically creates draft payments within the user’s iBanFirst account. Within seconds, users receive a notification prompting them to review and approve the transaction, ensuring speed and accuracy while keeping full control over the final step.
For many UK SMEs, manual invoice processing is still a standard daily practice and one that is often slow, labour-intensive, and prone to mistakes. The lack of visibility into invoice status, along with late or inaccurate payments caused by manual error, places unnecessary strain on cash flow at a time when many businesses are fighting for survival.
By reducing manual effort and errors, iBanPay allows finance teams to focus on strategic priorities such as cash flow management, supplier relationships, and international growth. For SMEs in particular, the ability to process invoices quickly and accurately across borders provides greater visibility and control, helping them stay competitive in an increasingly global market.
“With iBanPay, iBanFirst takes another step forward in automating its platform,” said Dimitri Rodrigues, Chief Product Officer, iBanFirst. “Our dedicated team has collaborated closely with our client community to ensure iBanPay meets the demands of international SMEs. Early adopters are now using the assistant for more than 40% of their invoices. Soon we’ll be able to go further, with iBanPay offering users the ability to choose the best currency and the optimal timing for their payment transactions.”
“After becoming the go-to alternative for international payments, iBanFirst is writing a new chapter. With iBanPay, we take the Global Account one step further, becoming the cockpit for company CEOs and CFOs.” said Pierre-Antoine Dusoulier, CEO & Founder of iBanFirst. “By automating invoice management, a long-standing difficulty for SMEs, iBanPay is designed to be a true co-pilot for accountants and finance teams.”
With more than 350 employees in 13 offices all over Europe and the UK, iBanFirst processes more than €2 billion worth of transactions each month on behalf of 10,000+ SMEs and was listed by the Financial Times as one of Europe's fastest-growing companies - confirming its position as a leading player for international business payments.
About iBanFirst
Founded in 2016, iBanFirst has quickly established itself as a trusted partner for small and medium-sized businesses that trade internationally and carry out cross-border payments. iBanFirst offers a cross-border payment experience that combines a simple yet powerful platform with support from in-house FX experts. With iBanFirst, executives and finance teams can get direct access to currency markets, receive, send and track payments, and develop tailored FX risk management strategies.
With more than 350 employees in 13 offices all over Europe and the UK, iBanFirst processes more than €2 billion worth of transactions each month on behalf of 10,000+ SMEs and was listed by the Financial Times as one of Europe's fastest-growing companies.
iBanFirst has the financial backing of the French public investment bank (bpiFrance), European venture capital leaders (Elaia, Xavier Niel), and the American investment fund Marlin Equity Partners.
Regulated by the Financial Conduct Authority, iBanFirst holds a UK Electronic Money Institute (EMI) license. iBanFirst is SEPA certified, a member of the SWIFT network and holds AISP and PISP accreditations under PSD2.
In 2024, iBanFirst achieved €65 million in revenue, confirming its rapid growth and its position as a leading player for international business payments.
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