iBanFirst snaps up UK foreign exchange provider Cornhill

Multi-currency payment platform iBanFirst has acquired London-based foreign exchange (FX) provider Cornhill for a private amount.

IBanFirst acquires Cornhill

According to IBanFirst, the acquisition is an opportunity for the company to “expand its international footprint and expand its European PSP licenses to the United Kingdom,” which will allow small and medium-sized enterprises (SMBs) across Europe to make Brexit-related payments. We hope it will help you tackle your challenges.

The company will enable SMBs to make cross-border payments in more than 30 currencies in 240 countries.

Vivek Savani, Executive Director of iBanFirst UK, said the transaction “creates a payment corridor, facilitates and accelerates payment of GBP deposits and withdrawals,” and enhances the client’s cross-border experience.

Founded in Paris in 2013, iBanFirst is a French company headquartered in Belgium. Authorized by the National Bank of Belgium, the company is a member of the Swift network, is SEPA accredited, and is AISP and PISP accredited under PSD2. The company claims to serve thousands of customers across Europe.

Pierre-Antoine Dusoulier, CEO of iBanFirst, said: In the future, we will look to Switzerland, Scandinavia and North America and continue to grow throughout Europe. “