France-based iBanFirst, a provider of cloud-based international payment solutions, has opened its first central and eastern European office in Bucharest, Romania. The company aims to establish a team of 20 consultants and attract 500 clients to its trading platform within its first year of operation on the Romanian market.

“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’,” said chief executive officer Pierre-Antoine Dusoulier. “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.”

The company also plans to open offices in Bulgaria and Hungary.

Headquartered in Paris, iBanFirst currently has operations in Belgium, Germany and the Netherlands.