Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Revolutionizing startup fundraising: iBanFirst and SeedBlink join forces...

Revolutionizing startup fundraising: iBanFirst and SeedBlink join forces for faster, cost-effective European investments

September 12, 2024

Accelerating growth for Romanian startups with exclusive financial services and swift onboarding   Investors can transfer funds from over 140 countries in more than 32 currencies.   The account opening process on the iBanFirst platform has been streamlined from 10 days to just a few hours, ensuring compliance and AML requirements are met efficiently.   Both fundraising startups and investors will access preferential FX rates, faster payments, cost-efficient terms, and dedicated support.   iBanFirst, a leading global provider of foreign exchange and international payments for businesses, announces an innovative partnership with SeedBlink, Europe's all-in-one equity and investment platform. The collaboration between the two European Fintechs introduces a bespoke solution for fundraising startups and their private investors, ensuring faster onboarding and access to preferential FX rates.   "Collaborating with SeedBlink to introduce dedicated collection accounts represents a significant milestone in enhancing financial accessibility and transaction efficiency for scaling startups," shares Alin Latu, Country Manager Romania and Hungary at iBanFirst. "This strategic partnership demonstrates our dedication to empowering Romanian and regional businesses with seamless international payment solutions and personalized financial services tailored to their unique needs."   Traditional banking solutions often fail to meet the efficiency and customization needs of investment platforms, resulting in slower transactions, higher costs, and cumbersome administrative processes. This partnership addresses these challenges by introducing dedicated collection accounts for each funding round on iBanFirst’s platform. This service is tailored to accommodate SeedBlink’s complex needs, collecting multi-currency investments from around 50 European investors per project. Onboarding each account now takes a few hours, down from 10 days with traditional providers.   "Our partnership with iBanFirst underscores our commitment to providing top-tier financial solutions and democratizing a wide range of opportunities for both startups and investors," said Carmen Sebe, CEO of SeedBlink. "By leveraging iBanFirst's expertise in international payments and currency exchange services, we are setting a new standard for customer satisfaction and operational excellence within the equity and investment industry."   For investors, this partnership translates into improved financial terms for their currency exchanges and international payments. Investors can commit funds primarily in euros, but if a fundraising startup is based in Switzerland, the investments will be converted to the appropriate currency before being transferred to the startup. Additionally, investors can request to transfer their investments in multiple currencies.     About SeedBlink SeedBlink is the all-in-one equity and investment platform that provides the infrastructure, financial services and network coverage for European tech companies and their stakeholders to access, manage and trade equity at every stage of growth.   With a comprehensive suite of products and services, SeedBlink streamlines investment processes and provides robust support throughout the equity lifecycle, from initial funding rounds through to mature investment opportunities and secondary markets.   More information at www.seedblink.com   About iBanFirst Founded in 2016, iBanFirst has quickly established itself as the leading alternative for businesses that trade and carry out international payments. iBanFirst offers a next-generation cross-border payment experience that combines a powerful platform and the support of FX experts. With iBanFirst, executives and finance teams can get direct access to currency markets, receive, send and track payments and develop tailored hedging strategies.   With more than 350 employees in 10 European countries, processing a volume of transactions worth more than €1.4 billion each month, and listed by the Financial Times as one of Europe's fastest growing companies, iBanFirst became in less than 10 years a trusted partner for SMEs across borders.   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 (more than 8 billion dollars of capital under management).   Regulated by the National Bank of Belgium as a payment institution, iBanFirst is authorised to operate throughout the European Union. Member of the SWIFT network and SEPA certified, iBanFirst holds AISP and PISP accreditations under PSD2.

Read in full - click here
Romanian man sentenced to 20 years in prison in US for ransomware attacks

Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice.  NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]

New Romanian government issues ambitious governance program focused on reducing expenses

The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]

EC disburses EUR 37 mln to Romania as part of its second Recovery Facility payment request 

The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...

Romanian trilogy Moromeții screened at Rotterdam International Film Festival 2025

Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]

Romania issued EUR 1.3 bln in state aid between 2019-2023, most to foreign companies

Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]

Abracadabra – Secrets of Magic interactive exhibition opens in Bucharest

The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]