Germany-based financial service provider iBanFirst has announced cooperating with fintech ACE Alternatives, which focuses on the management of alternative investments. ACE Alternatives is an alternative investment management outsourcing company.

Clients in venture capital, private equity, real estate funds, renewable energy, and infrastructure can use their integrated service package, which includes payment processing, currency and foreign exchange hedging, as well as middle and back office fund administration. IBANFirst enables global SMEs to expand while streamlining day-to-day company processes. The financial services company has developed a platform that allows for safe transactions in a variety of currencies.

Finance teams may send and receive payments in over 30 different currencies while avoiding currency risk.