Cooperation between IBANFirst and ACE

The aim is to further expand ACE's service for investment managers.

IBANFirst, a global financial services provider and expert in foreign exchange transactions, and the Berlin-based fintech ACE Alternatives are entering into a strategic partnership. Together, the entrepreneurs want to make ACE's services available to fund managers.

ACE Alternatives is a management outsourcing expert for alternative investments. Fund manager clients from the areas of venture capital, private equity, real estate funds, renewable energies and infrastructure can use a coordinated service package that combines payment transaction processing, currency and foreign exchange hedging as well as middle and back office fund administration.

As an alternative to traditional banking services, IBANFirst supports the expansion of global SMEs while streamlining daily business processes. To achieve this, IBANFirst has created a platform that enables fast, secure and cost-effective transactions in a wide range of currencies. Finance teams can send and receive payments in over 30 different currencies and protect themselves from currency risks. IBANFirst is a French company with offices in France, Belgium, the Netherlands and Germany, founded in Paris in 2013 by entrepreneurs and former bank managers.