iBanFirst
iBanFirst is a financial services platform providing mid-market companies with multi-currency accounts, real-time exchange rates, and international payment capabilities to manage cross-border operations efficiently and securely.
Revolut Business
Revolut Business is a borderless financial super-app providing multi-currency accounts, corporate cards, and integrated spend management tools to help companies scale globally and manage their finances in one place.
Quick Comparison
| Feature | iBanFirst | Revolut Business |
|---|---|---|
| Website | ibanfirst.com | revolut.com |
| Pricing Model | Custom | Freemium |
| Starting Price | Custom Pricing | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✓ Has free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✘ No product demo |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2013 | 2015 |
| Headquarters | Brussels, Belgium | London, UK |
Overview
iBanFirst
iBanFirst provides a comprehensive platform for managing your international business finances without the complexity of traditional banks. You can open multi-currency accounts with dedicated IBANs in over 30 currencies, allowing you to collect payments from global customers and pay international suppliers like a local. The platform gives you direct access to real-time currency markets, ensuring you get transparent exchange rates without hidden bank margins.
You can centralize your global cash flow and automate complex payment workflows through a single interface. The software also offers specialized hedging tools to protect your profit margins from market volatility. It is specifically designed for mid-market companies and high-growth startups that handle significant import-export volumes and need a faster, more cost-effective alternative to legacy banking systems.
Revolut Business
Revolut Business is a comprehensive financial platform designed to help you manage your company's money without the friction of traditional banking. You can open multi-currency accounts in minutes, allowing you to hold, receive, and exchange over 25 currencies at competitive interbank rates. This makes it an ideal solution if you frequently deal with international suppliers or remote employees across different borders.
The platform centralizes your entire financial stack by combining corporate cards, automated expense tracking, and payroll tools into a single interface. You can issue physical or virtual cards to your team with custom spending limits and track every transaction in real-time. Whether you are a freelancer just starting out or a growing enterprise, the software scales with you to eliminate manual bookkeeping and reduce foreign exchange costs.
Overview
iBanFirst Features
- Multi-Currency IBANs Open dedicated IBANs in your company name for over 30 currencies to collect and hold funds globally.
- Real-Time FX Rates Access live market exchange rates and execute currency conversions instantly with total transparency on every transaction.
- Payment Tracking Track your international transfers in real-time using SWIFT gpi so you know exactly when funds reach your suppliers.
- Currency Hedging Protect your business from market fluctuations using forward contracts and flexible options to lock in favorable exchange rates.
- Bulk Payments Upload CSV files to execute hundreds of international payments simultaneously, saving your finance team hours of manual entry.
- Role-Based Permissions Set up custom approval workflows and limit user access to ensure your company funds remain secure and controlled.
Revolut Business Features
- Multi-Currency Accounts. Hold and exchange over 25 currencies at the interbank rate to save money on international business transactions.
- Smart Corporate Cards. Issue physical and virtual cards to your team with individual spending limits and real-time tracking capabilities.
- Automated Expenses. Snap photos of receipts on your phone and let the app automatically categorize and reconcile your business spending.
- Bulk Payments. Make up to 1,000 payments at once in multiple currencies to save hours on weekly payroll and invoices.
- Payment Links. Create and send professional payment links to your customers to get paid instantly without needing a complex website.
- Approval Workflows. Set up custom rules to review and approve team payments before they go out to maintain full control.
Pricing Comparison
iBanFirst Pricing
Revolut Business Pricing
- Local account details
- International account details
- Plastic and virtual cards
- 5 fee-free local transfers
- 1.5% fee on FX exchanges
- Unlimited team members
- Everything in Free, plus:
- 100 fee-free local transfers
- 10 fee-free international transfers
- $10k fee-free FX allowance
- Priority 24/7 support
- Bulk payment tools
Pros & Cons
iBanFirst
Pros
- Significantly lower exchange rates than traditional commercial banks
- Fast account setup process compared to legacy financial institutions
- Intuitive interface makes managing multiple currencies very simple
- Excellent customer support with dedicated account managers
- Real-time tracking provides peace of mind for large transfers
Cons
- Focuses strictly on B2B, not available for personal use
- Limited physical presence for those who prefer in-person banking
- Verification process can be rigorous for certain complex industries
Revolut Business
Pros
- Fast account setup compared to traditional banks
- Competitive exchange rates for international payments
- User-friendly mobile app for managing finances
- Easy integration with popular accounting software
- Instant notifications for all card transactions
Cons
- Customer support response times can be slow
- Strict automated account freezes for compliance
- Limited features on the basic free plan