IBAN

What IBAN does

IBAN.com is a private SaaS company founded in 2010 and headquartered in Milwaukee, United States, that provides validation and calculation services for International Bank Account Numbers (IBANs), Bank Identifier Codes (BICs), UK sort codes, and related banking and tax reference data. The platform serves enterprises, SaaS providers, and SMEs that process cross-border and domestic payments, with named customers including JPMorgan Chase, Santander, NatWest, Barclays, Banco BAI, Aetna, Ryanair, Telefonica, Arcelor-Mittal, Assurant, FXPro, Pockit, and ICF.

The core technology is a deterministic validation engine implementing industry-standard mathematical checksum algorithms (MOD 97 per ISO 7064) and modulus checks, combined with a licensed bank reference database of more than 330,000 bank and branch records across 75+ IBAN countries and 195 total countries (including non-IBAN markets such as the US and Japan). The product portfolio comprises the IBAN Suite (IBAN validation and calculation for 87-97 countries), Bank Suite (non-IBAN country bank code and account validation), SortWare and SortWare Plus (UK sort-code validation using VocaLink EISCD data), BIC Validation Service (using licensed S.W.I.F.T. SCRL data), the recently launched VAT Suite and Forex Reference Suite, an IBAN Recovery API, and a Bank Account Verification (BAV) / Verification of Payee (VOP) API aligned with EU regulation. Both REST and SOAP APIs are exposed with SDKs in 8+ languages.

The business is operated on an API-first, self-serve model with a 100-query free trial, tiered annual subscription plans priced by query volume, and an enterprise tier offering higher rate limits and dedicated support. Distribution is fully digital via the company's 30+ language websites, developer documentation, and direct API onboarding, with no disclosed funding, M&A, or external investors in the source material.

Name

IBAN

Legal name

IBAN.COM

Website

https://iban.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

IBAN.com is a private SaaS platform that validates and calculates IBANs, BICs, UK sort codes, and related banking and tax reference data via REST and SOAP APIs, serving banks, payment processors, and enterprises that process cross-border payments across 195 countries.

Ownership category

akta.pro rank

Product category

Payment Validation Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• IBAN validation services
• BIC code validation
• Bank account verification
• Payment validation API
• SWIFT data services

Headquarters

HQ city

Milwaukee

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. API Subscription Plans: Annual subscription-based SaaS model where customers purchase API query packages with 12-month membership periods. Queries expire after 12 months. Pricing is tiered based on query volume with cost-effective plans for both small businesses and enterprises.
2. Enterprise API Access: Premium tier providing higher API rate limits (up to 10 queries per second) and dedicated support for large-scale payment processing operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

IBAN.com provides Software as a Service (SaaS) solutions designed to validate and calculate International Bank Account Numbers (IBANs) and related banking identifiers. The platform performs mathematical checksum calculations (MOD 97 per ISO 7064) to verify IBAN integrity, identify the issuing bank, country, address, and Business Identifier Code (BIC), and offers dedicated validation services for UK sort codes, BIC/SWIFT codes, and bank account numbers in non-IBAN countries. Services are delivered through a public web interface and REST/SOAP APIs for automated integration into customer systems.

Product overview

IBAN.com provides a SaaS platform specializing in payment validation services, particularly International Bank Account Number (IBAN) validation and calculation. The product portfolio centers on the IBAN Suite (core validation engine), supported by Bank Suite (for non-IBAN countries), SortWare/SortWare Plus (UK-specific validation), and BIC Validation Service. All core services are accessible via dedicated REST and SOAP APIs. Additional offerings include VAT Suite for VAT validation and Forex Reference Suite for currency data. The company licenses official data from SWIFT, VocaLink, Deutsche Bundesbank, and Banque de France to provide comprehensive bank directory coverage across 87+ countries with 330,000+ bank and branch records.

Differentiator

Problem solved

Functional benefit

Brands

• IBAN Suite: Validation and calculation services for International Bank Account Numbers with format, check digit, and length validation across 97 countries
• Bank Suite
• SortWare
• SortWare Plus
• BIC Validation Service
• VAT Suite

Products and services

• IBAN Suite Core validation and calculation engine for International Bank Account Numbers that applies industry-standard mathematical algorithms (MOD 97 per ISO 7064) to validate IBAN integrity, identify issuing banks, country, address, and BIC codes. Supports 87 countries and 36 SEPA members with format, check digit, and length validation. Designed for businesses processing cross-border payments.
• Bank Suite Corporate solution for validating bank codes and account numbers in non-IBAN countries, covering 196 countries including the United States and Japan. Provides bank code and account number validation backed by a monthly updated world bank directory.
• SortWare UK bank account validation service for validating sort codes and account numbers for the United Kingdom and Ireland. Performs modulus validation, retrieves bank/branch information, generates IBAN, and identifies FPS, CHAPS, and Direct Debit payment scheme support.
• SortWare Plus Extended UK validation service using the BACS Extended Industry Sort Code Directory (EISCD) via SOAP API. Provides over 95 data fields including historical records, payment scheme support detection (FPS, CHAPS, Direct Debit), and full EISCD branch details.
• BIC Validation Service Dedicated web service for validating Bank Identifier Codes (BIC). Uses data licensed from S.W.I.F.T. SCRL. Validates BIC/SWIFT codes, retrieves financial institution information, and checks active status on the SWIFT network.
• VAT Suite VAT number validation and verification service enabling businesses to validate European VAT registration numbers for compliance and B2B transactions.
• Forex Reference Suite Currency exchange rate reference data service providing daily rates from the European Central Bank for currency conversion calculations.
• IBAN Validation API REST and SOAP API endpoint (V4) for automated IBAN validation. Validates IBAN check digits, domestic bank codes, account numbers, length, structure, and SEPA support (SCT, SDD, COR1, B2B, SCC).
• IBAN Calculation API REST API for converting domestic bank codes and account numbers into validated IBANs. Supports multiple countries with bank code, branch, account, and check digit inputs, and returns bank details, BIC, branch information, and contact data.
• Bank Suite API REST API for validating bank codes and account numbers for non-IBAN countries. Endpoints include NID validation, BIC lookup, and country structure information, covering 195 countries.
• BIC Validation API REST API for validating BIC/SWIFT codes and querying the BIC directory. Provides a BIC endpoint for validation and a Bank endpoint for reverse search by bank name, using licensed data from S.W.I.F.T. SCRL.
• SortWare REST API REST API V4 for validating UK sort codes and account numbers. Performs modulus validation, retrieves bank data, identifies payment scheme support, and generates IBAN, returning structured JSON or XML responses.
• SortWare Plus SOAP API SOAP API using the Extended Industry Sort Code Directory (EISCD). Methods include search_eiscd, validate_account_uk, gen_uk_iban, and search_eiscd_by_iban for comprehensive UK payment validation.
• BAV (VOP) API Bank Account Verification API implementing the EU Verification of Payee (VOP) regulation. Validates payee account details for SEPA payment fraud prevention.
• IBAN Recovery API API for recovering up to two unknown characters from any IBAN using wildcard matching. Generates all valid IBAN permutations based on country-specific formatting and MOD 97 validation, useful for illegible scanned IBANs or correcting invalid numbers.

Quantifiable outcome

• Automating payment validations can greatly reduce the loss in bank fees for failed/bounced payments
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• S.W.I.F.T. SCRLcoreTechnology or IntegrationIBAN.com licenses official BIC Directory data from S.W.I.F.T. SCRL for validating Bank Identifier Codes. This partnership provides authoritative SWIFT/BIC data for their validation services, ensuring accurate bank identification for international payments.
• VocaLink (Mastercard)coreTechnology or IntegrationIBAN.com is an authorized VocaLink distributor, licensing the Extended Industry Sort Code Directory (EISCD) for UK bank validation services. VocaLink data provides the most accurate and up-to-date UK bank and branch information for SortWare and SortWare Plus services.
• Deutsche BundesbanksupportingTechnology or IntegrationData sourced from Deutsche Bundesbank as part of their multi-source approach to compiling bank reference data.
• La Banque de France (Eurosysteme)supportingTechnology or IntegrationData sourced from Banque de France as part of their official banking data sources for European bank validation.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• SWIFT: Operates the global BIC directory that IBAN.com licences from, and is expanding into Verification of Payee (VOP) / BIC Plus services that overlap directly with IBAN.com's BIC Validation and BAV APIs. Most direct upstream-and-rival player in bank identifier validation.
• Experian: Through its Consumer Services and Decision Analytics segments, Experian offers bank account verification, fraud prevention, and identity validation APIs. Bundled inside a much broader credit-bureau portfolio targeting the same enterprise compliance/onboarding buyers.
• Mastercard (Finicity / Open Banking): Operates an open banking and account verification stack (Finicity) covering verification of payee flows, directly competing with IBAN.com's BAV/VOP API in EU markets. Also powers VocaLink, IBAN.com's UK data licensor.

Direct peers

• GBG (Loqate): Provides bank account validation, sort-code and account number verification, and identity verification APIs (Loqate) widely sold to enterprises for payment onboarding. Direct competitor in IBAN/BBAN validation sold to the same enterprise customers.
• Tink (Visa): Visa-owned open banking platform providing account verification, payment initiation, and financial data APIs across European banks. Directly competitive in BAV/account verification services feeding PSPs and large corporates.
• Plaid: Bank account verification and connectivity API platform widely used by fintechs and enterprises to validate customer accounts and route payments. Closest peer in API-first, developer-oriented bank account validation services.

Emerging players

• iPiD: Specialist European provider of account verification and Verification of Payee services focused on SEPA corridors. Competes head-on with IBAN.com's new BAV/VOP product for EU PSP customers.
• Veritas Financial Services: Provides international payment validation and bank account verification services (PayValidate / IBANverify), overlapping with IBAN Suite on format and checksum checks for cross-border B2B payments.
• Signicat: European digital identity and bank account verification provider; offers account check, KYC, and eIDAS-aligned onboarding APIs that bundle competitive BAV capabilities into enterprise identity platforms.
• Yapily: Open banking API platform offering account verification and payment initiation across European banks, targeting PSPs and corporates adopting VOP workflows alongside or instead of standalone IBAN validators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 IBAN