iBanFirst unveils iBanPay, its new AI assistant that automatically processes invoices and simplifies payments. This tool helps finance teams save time, reduce errors, and focus on higher-value tasks.
For many SMEs, managing invoices is a real challenge. To make life easier for its clients, iBanFirst is launching iBanPay, an AI assistant that automatically turns user invoices into payment orders. Acting as a true right-hand to accountants, iBanPay helps iBanFirst clients avoid payment errors and save time.
iBanPay automatically reads international invoices—no matter the language or format—and extracts the key information. Users just review and approve their payment orders on the platform, and payments are then executed instantly.
“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.”
In 2024, iBanFirst achieved €65 million in revenue, confirming its rapid growth and 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 National Bank of Belgium as a payment institution, iBanFirst is authorised to operate throughout the European Union. iBanFirst is SEPA certified, a member of the SWIFT network and holds AISP and PISP accreditations under PSD2.
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