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Ibanera

Can Ibanera become the go-to embedded banking and payments infrastructure layer for Web3 platforms and cross-border payment companies by combining traditional rails (ACH, wire, RTP) with crypto settlement infrastructure (DLT, Fireblocks)?

Founded2017
HQMiami, Florida, United States
Total raised$18.5M
Latest roundVenture Round, March 2023
Valuation$195M (discounted valuation, 2023)
IndustryFintech / Cross-border payments
The story

Founded in 2017, Ibanera positioned itself as a global digital banking and payments company targeting banks, corporations, and entrepreneurs. The company expanded into embedded payments for Web3 platforms with its BitLine product line and DLT payments infrastructure. It built out regulated entities in both the US (FinCEN MSB) and Singapore (MAS Major Payment Institution), and secured a key infrastructure partnership with Cross River in 2022 to power its US banking rails. The Fireblocks partnership signals a deliberate push into crypto custody and settlement infrastructure alongside its traditional payments stack.

Last 12 months
2023-03
2022-12
Product timeline
2017
Ibanera founded as a digital banking and payments company.· banking
2022
Partnership with Cross River announced to power ACH, wire, P2C, and RTP payment capabilities on Ibanera's digital banking platform.· banking
2022
Partnership with Fireblocks announced to enhance crypto service offering.· banking
2022
Launched Gateway Guardian, a PCI-compliant payment gateway supporting 3DS and NON-3DS card payments.· card
2022
Launched BitLine, a business line focused on embedded payments for Web3 platforms.· pivot
2023
Raised $18.5M venture round led by Emerchantpay Limited at a $195M discounted valuation.· banking
Regulated entities
Money Services Business (MSB)
US (FinCEN)
Ibanera LLC
Major Payment Institution License
Singapore (MAS)
Ibanera Pte Ltd
The stack
Payments / PSP
Gateway Guardian (self-operated)
Banking / BaaS
Cross River
Sponsor bank
Cross River Bank, N.A.
Crypto
FireblocksFireblocks
Accounting gap: minor