Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. iBanFirst Romania reports a 75% increase in international...

iBanFirst Romania reports a 75% increase in international transaction volume in 2024, to €1.38 billion  

February 27, 2025

iBanFirst, a leading provider of forex exchange and international payments for businesses, present in 10 European countries, achieved remarkable growth in Romania during 2024, as Romanian businesses increasingly turned to digital solutions to power their international operations. The company’s Bucharest office recorded €1.38 billion in international transaction volume, representing a 75% year-over-year increase. International payments through the platform rose by 42%, while foreign exchange deals increased by 57% during 2024.   "Our exceptional growth in Romania over the past year has surpassed our expectations," said Alin Latu, Country Manager iBanFirst Romania. "Romania is one of our most dynamic growth markets across all key metrics, reflecting the strong appreciation for our blend of cutting-edge technology and local expertise. We remain committed to empowering Romanian businesses in their growth journeys, offering them the financial tools and tailored expertise they need to thrive internationally."    iBanFirst's success in the Romanian market stems from its unique combination of state-of-the-art technology and local expertise. Through iBanFirst's digital platform, businesses can conduct fast and secure international transactions in over 30 currencies at lower costs, while tracking payments in real-time.   Complementing this advanced platform, companies benefit from a team of Romanian-speaking forex specialists, deeply familiar with regional market conditions, business practices, and client needs. These experts work closely with SMEs to develop tailored hedging strategies and provide business advice, enabling them to protect profit margins and maintain competitive pricing in global markets. This powerful blend of digital innovation and personalized expertise has proven especially valuable for Romanian businesses navigating the challenges of international trade.   iBanFirst Romania’s revenue growth in 2024 was driven by a balanced mix of services, with international spot payments representing 65% of total revenue, while hedging solutions accounting for 35%.   International spot payments, used for immediate foreign exchange transactions, reflected businesses’ need for operational flexibility. SMEs relied on this service to seize trade opportunities in dynamic markets, meet urgent payment deadlines, maintain supply chain efficiency, and adapt quickly to market changes.   Hedging services highlight a strategic shift among local businesses toward proactive risk management. These solutions allowed companies to protect themselves from FX fluctuations, plan costs and revenues with greater precision, secure stability in long-term contracts, and focus on sustainable growth. This dual approach empowered Romanian businesses to remain competitive, resilient, and ready to capitalize on opportunities in a challenging global market.   In 2024, iBanFirst Romania onboarded nearly 300 new business clients, increasing its total client portfolio by 47% to over 500 SMEs. These new partnerships generated €2.18 million in annual recurring revenue, underscoring the rising demand for digital financial services in Romania’s international trade sector.   Last year, iBanFirst Group generated €65 million in revenue, representing a 30% increase from the previous year. In 2025, the fintech plans to expand its operations by opening offices in two new countries.  

Read in full - click here
Writer Liliana Corobca to represent Romania at European Literature Night in New York

Writer Liliana Corobca, author of prose, essays, and plays, will represent Romania at the seventh edition of the European Literature Night, which will take place on Thursday, October 23, at the Ukrainian Institute of America in New York. According to a press release from ICR New York, the event, which brings together some of the […]

100 Auchan suppliers join forces to reduce carbon emissions across the food supply chain

Almost one-third of global greenhouse gas emissions come from agri-food systems Auchan Romania brought together over 100 food producers and suppliers for the second edition of the Climate Supplier Event, a conference dedicated to accelerating decarbonization and strengthening resilience and competitiveness within the food supply chain in the face of climate change. Organized under the […]

One United Properties reports residential sales and pre-sales of EUR 137.7 million in the first nine months of 2025

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office properties, recorded total sales and pre-sales of EUR 137.7 million in the first nine months of 2025, corresponding to 42,634 sqm of residential and commercial spaces. These results reflect the sale and pre-sale of 467 apartments and commercial...

YOXO launches a digital store dedicated to refurbished devices, in partnership with Recommerce

YOXO announces the launch of reconditionate.yoxo.ro, an online store dedicated to refurbished phones and gadgets, developed in partnership with Recommerce®, a European expert in the field. The new platform provides customers across Romania with access to certified, refurbished phones that meet European quality standards. YOXO thus combines accessibility, performance and environmental responsibility –...

Save the Children Romania opens Antibullying Resource Center

Save the Children Romania inaugurated the Antibullying Resource Center on Wednesday, October 22, meant to be a hub of resources dedicated to children, teachers, and parents to understand, prevent, and respond appropriately to bullying situations and to improve the school climate. The need for the center is dire. Around 90% of teachers and school counselors […]

Radu Jude’s new film Dracula hits Romanian cinemas on Halloween

Award-winning director Radu Jude’s latest film, Dracula, will premiere in Romanian cinemas on October 31, distributed by Independența Film. Following its world premiere at the Locarno Film Festival and screenings at major international festivals including New York, Chicago, Vienna, Sitges, and Warsaw, the film arrives in Romania just in time for Halloween. Early screenings will […]