In the latest development, iBanFirst, a global financial services provider has raised €21 million in a Series C round from Elaia and Bpifrance’s Large Venture fund. Previous investors including Serena and Breega, Xavier Niel, also participated in the funding round. In total, the startup has raised €46 million to date.
Pierre-Antoine Dusoulier, CEO and Founder of iBanfirst, said: “Elaia and Bpifrance, notably through its Large Venture fund, are two major players in French venture capital and their ability to support the entrepreneurs and companies they invest in is well established. This is a decisive step towards achieving maturity as a company and pursuing our goal of becoming the leading platform for B2B multi currency financial services. While continuing to deliver technological solutions that improve user experience, we will keep expanding our SME and mid-tier offerings. To support companies in their international growth, we will strive to offer transactions that are increasingly straightforward, secure, and transparent, within a network nurturing mutual trust.”