What Ibanity does

Ibanity is a Brussels-headquartered open banking API platform and a solution of Isabel Group, a Belgian financial-services conglomerate with 20+ years of industry presence. The company aggregates access to more than 1,800 European banks through a single PSD2-compliant REST API, covering 80% of the Belgian market and operating across 25+ European countries. Its product portfolio comprises five offerings: Ibanity XS2A (direct PSD2 account information and payment initiation aggregation), Ponto Connect (a licensed third-party open banking layer with built-in PSD2 licensing for partners), Isabel Connect (multi-banking engine for ERP and business applications), Flowin e-invoicing (Peppol and Zoomit network connectivity), and Codabox Connect (API-based accounting document retrieval from CodaBox).

The platform is built on a unified data model that normalizes responses across heterogeneous bank APIs, eliminating per-bank integration work for developers. Ponto holds a PSD2 license from the National Central Bank of Belgium as both a Payment Initiation Service Provider (PISP) and an Account Information Service Provider (AISP), which Ibanity monetizes through a 'license-as-a-service' model. Distribution is product-led and developer-centric: a free sandbox (no time limit, no credit card) drives self-serve adoption via developer.ibanity.com, supported by documentation, SDKs, and an Open Banking Europe Slack community; production activation and enterprise XS2A contracts transition to direct sales. Revenue is generated through subscription fees (€4/month per connected account for Ponto Account Information), per-transaction fees (€0.1 single / €0.3 bulk for payment initiation), usage-based pricing for Ibanity XS2A, and quote-based Isabel Connect contracts. Customer segments span accounting and bookkeeping software, invoicing and billing tools, ERP systems, personal finance management apps, treasury and corporate banking, and developers building PSD2-integrated applications — with 150–200+ partners currently served.

Name

Ibanity

Legal name

Isabel NV/SA

Website

https://ibanity.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Ibanity, a Brussels-based subsidiary of Isabel Group, provides a PSD2-compliant open banking API platform aggregating 1,800+ European banks for 150–200+ software partners across accounting, ERP, invoicing, and fintech segments.

Ownership category

akta.pro rank

Product category

Open Banking API Platform

SIC

Finance Services (6199)

akta.pro primary industry

A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)

akta.pro secondary industry

A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)

Keywords

• Open banking APIs
• PSD2 compliance
• Payment initiation services
• Account aggregation APIs
• Financial API platform

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Ponto Connect - Account Information: Monthly subscription per account/integration for access to transaction history, balance retrieval, and transaction synchronization via Ponto Connect.
2. Ponto Connect - Payment Initiation: Per-transaction fees: €0.1 VAT excl. per single transaction, €0.3 VAT excl. per bulk transaction. Requires account information subscription.
3. Ibanity XS2A - Pay as you go: Pay only for the data consumed - no hidden costs. Usage-based pricing model for XS2A API access.
4. Sandbox (Free tier): Free sandbox environment for development and testing. No charges for sandbox usage.
5. Isabel Connect pricing: Rates per ratecard document (March 2019). Specific pricing not publicly disclosed on website - requires contact/sales.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Ibanity provides PSD2-compliant REST APIs that aggregate access to more than 1,800 European banks through a single unified interface, covering 80% of the Belgian market. Its portfolio delivers account information services (AIS), payment initiation services (PIS), e-invoicing via Peppol/Zoomit, and accounting document retrieval, sold to fintechs, ERP vendors, accountants, and corporate treasurers. Partners can resell open banking features under Ibanity's PISP/AISP license without obtaining their own regulatory approval.

Product overview

Ibanity is a platform of Isabel Group offering secure APIs for open banking and financial service integration. The portfolio consists of Ibanity XS2A as the core PSD2 API aggregation product for account information and payment initiation, complemented by Ponto Connect (licensed third-party offering), Isabel Connect (ERP/business app integration), Flowin e-invoicing (Peppol/Zoomit network connectivity), and Codabox Connect (accounting document retrieval). The platform provides unified data format, real-time data access, developer-friendly REST APIs with sandbox environment, and compliance with PSD2 and GDPR regulations across European banks.

Differentiator

Problem solved

Functional benefit

Brands

• Ibanity XS2A: Access account and transaction data directly from users' bank accounts through PSD2 APIs.
• Ponto Connect
• Isabel Connect
• Flowin e-invoicing
• Codabox Connect

Products and services

• Ibanity XS2A PSD2-compliant REST API that aggregates multiple European banks into a single unified interface, providing access to account information (balances and transaction history) and payment initiation services. Coverage includes 80% of the Belgian market through direct connections to KBC, BNP Paribas Fortis, ING, and Belfius, plus wider European bank connectivity.
• Ponto Connect Licensed third-party open banking solution that bridges professional bank accounts to software via OAuth-based redirect flows. Provides account information services and payment initiation under Ponto's own PSD2 license, eliminating the need for partners to obtain their own regulatory approval. Includes automated consent lifecycle with 180-day authorization and renewal reminders.
• Isabel Connect Multi-banking engine that extends ERP, accounting, or business applications with Isabel 6 banking capabilities, including payment file initiation, statement downloads, account balance consultation, and movement queries. Distributed through Isabel Group's existing ERP and business application partner network.
• Flowin e-invoicing E-invoicing API that transfers invoices and credit notes digitally over multiple electronic networks including Peppol (European B2B/B2G) and Zoomit (Belgian consumer). Supports UBL format compatible with most accounting software and delivers real-time payment notifications, with 80% of Zoomit invoices reportedly paid within 3 days.
• Codabox Connect OAuth-based API that enables accounting solution providers to retrieve Belgian accounting documents (CODA, SODA, CARO, VOILA, VOICI) from CodaBox on demand, replacing traditional FTP-based document delivery with full control over data access permissions.

Quantifiable outcome

• Up and running in minutes with a few lines of code
• +4 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature8 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Fintech France / France FinTechminorGTM or Marketing Partner · 20 October 2022Isabel Group (via Ponto) was a sponsor of Fintech R: Evolution CrossRoads (#FFT22), France FinTech's biggest annual event on October 20, 2022 in Paris. The event gathered 1,500 entrepreneurs, decision-makers, and investors. ponto's international team met existing and future partners to accelerate bank account and payment integrations. Partnership strengthens Isabel Group's presence in the French market.
• WeFactcoreTechnology or IntegrationWeFact, a Dutch online invoicing solution used by tens of thousands of SMEs and 700+ accountancy firms, partnered with Ponto to enable automatic linking of invoices to bank accounts. Ponto's PSD2 license (PISP and AISP) allows WeFact to offer open banking features without its own license. Customers benefit from real-time bank transaction data and automated reconciliation within WeFact's administration.
• Spin42minorStrategic or Co-development PartnerIbanity originated as a side project of Spin42's consulting business. Spin42 co-founded Ibanity before it was acquired by Isabel Group in September 2017. Spin42 was the founding/incubating entity.
• Isabel GroupcoreStrategic or Co-development PartnerIsabel Group acquired Ibanity in September 2017, providing market access, extended offering to serve both fintechs and banks, and leveraging Isabel Group's 20+ years of financial industry experience. Ibanity operates as 'a solution of Isabel Group'. Isabel Group comprises Isabel NV/SA, CodaBox NV/SA, Clearfacts BV/SRL, and Clearnox SAS.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Token.io: Open banking payments platform offering account-to-account payment initiation services. Comparable as a licensed PISP operating across European markets with a developer-centric API model.
• Yapily: European open banking infrastructure provider with a single API aggregating multiple banks. Direct competitor in offering license-as-a-service PISP/AISP capabilities across European markets.
• Plaid: Global open banking API aggregator connecting applications to bank accounts. Most directly comparable to Ibanity in normalizing disparate bank APIs into a single developer-friendly interface, though Plaid has far greater scale and geographic reach.
• Tink (Visa): European open banking platform owned by Visa offering account aggregation, payment initiation, and financial data services. Direct competitor in the PSD2 aggregator space with broader European coverage and stronger backing.
• TrueLayer: UK and European open banking API platform providing AIS and PIS through a single integration. Competes directly with Ibanity's Ponto Connect offering in payment initiation and account information services.
• Salt Edge: Open banking API aggregator serving banks, fintechs, and developers across Europe. Offers similar PSD2-compliant account information and payment initiation services via a unified API.

Emerging players

• FinTecSystems: German open banking and financial data analytics provider focused on bank account verification and categorization. Comparable in offering PSD2 XS2A access with emphasis on enriched transaction data, though more concentrated in DACH.
• Bankin': European personal finance management platform aggregating bank accounts via open banking APIs. Comparable in using PSD2 infrastructure to deliver multi-bank account aggregation, though more consumer-facing than Ibanity's B2B focus.

Regional players

• Fabrick: Italian open banking platform offering PSD2 account aggregation and payment initiation APIs. Comparable in API-first open banking model but primarily focused on the Italian and Iberian markets rather than Benelux.

Broad incumbents

• Mastercard Open Banking Solutions: Mastercard's open banking division (incorporating Finicity) provides account aggregation and payment initiation APIs globally. Comparable in the underlying open banking API infrastructure but operates as part of a much broader payments portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ibanityhq
• YouTubeyoutube.com/channel/UCKPtqIZ8qHeqepX1BoQx8BQ
• Facebookfacebook.com/ibanity
• LinkedInlinkedin.com/company/isabel

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ibanity