BUCHAREST (Romania), September 2 (SeeNews) - French fintech company iBanFirst said on Thursday that it has opened an office in Bucharest - its first in the region of Central and Eastern Europe, and plans to expand on the Bulgarian and Hungarian markets.
The company aims to attract 500 clients to the trading platform and reach a team of 20 consultants in its first year of operation on the Romanian market, it said in a press release.
"We chose to enter this area with a first office in Romania because it shows very good signs of post-coronavirus economic recovery and companies are very open to new technologies, being 'early adopters'. By combining the benefits of a state-of-the-art transaction platform available to clients with the support of an expert local team, we want to help as many businesses in Romania as possible to streamline their day-to-day operations and accelerate their growth plans," iBanFirst CEO and founder Pierre-Antoine Dusoulier said.
iBanFirst plans to open offices in Bulgaria and Hungary in the coming months.
Established in 2013, iBanFirst offers international payment solutions via a cloud platform. The company has more than 250 employees and serves more than 4,000 customers throughout Europe.
In May, U.S. investment fund Marlin Equity Partners acquired a majority stake in iBanFirst for $200 million (169 million euro).