Cooperation between IBANFirst and ACE

This is how ACE's service for investment managers is to be spread further.

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

ACE Alternatives is a management outsourcing expert for alternative investments. Fund manager clients in venture capital, private equity, real estate funds, renewable energy and infrastructure can take advantage of a coordinated service package that combines payment processing, currency and foreign exchange hedging, and middle and back office fund administration.

As an alternative to traditional banking services, IBANFirst supports the expansion of global SMEs while streamlining daily business operations. 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 risk. 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.