IBAN360 provides businesses with a cross‑border payment platform that lets them send, receive, and convert funds in over 55 currencies with same‑ or next‑day settlement. The service uses bank‑grade rails such as SWIFT, SEPA and local networks, offering transparent, volume‑based FX spreads that can be 2–5% lower than traditional banks, and includes forward contracts to lock rates for up to 12 months.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses often face high foreign‑exchange costs, hidden fees, and slow settlement times when making cross‑border B2B payments through traditional banks.
Solution
IBAN360 offers a cloud‑based platform that enables companies to send, receive, and convert funds in over 55 currencies with same‑ or next‑day settlement. The service uses bank‑grade SWIFT, SEPA, FPS and local payment rails, providing transparent, volume‑based FX spreads that are typically 2–5% lower than those offered by banks. Users can lock in rates for up to 12 months via forward contracts to manage currency risk. All transactions are processed through FCA‑regulated partners, and client funds are held in tier‑one banks, ensuring regulatory compliance and safety.
Target Audience
Primary customers are mid‑size to large enterprises that regularly pay suppliers, contractors, or partners internationally and need faster, lower‑cost cross‑border payment solutions.
Features
- Support for 55+ major and emerging currencies across 60+ countries
- Same‑day or next‑business‑day settlement using multiple global payment networks
- Transparent, volume‑based FX pricing with spreads up to 6× cheaper than commercial banks
- Forward contracts allowing rate locks for up to 12 months to hedge FX volatility
- Human support available around the clock
- FCA‑regulated partners and tier‑one bank custodians for fund safety
- Simple three‑step workflow: book payment, fund IBAN360 account, deliver payment