International clients want to pay you, but your banking setup says no.
A Dutch B2B software firm had recently won two clients in Spain. But when invoicing, both requested a Spanish IBAN to avoid extra paperwork and banking fees. The company used a Dutch account only and couldn’t open a Spanish bank account without setting up a local entity.
What happens next?
- Clients stall payments and request admin changes.
- Accounting departments delay onboarding.
- Contracts get revised, extra time, extra costs.
- Your brand looks unprepared to scale globally.
- Risk of cancellations increases.
- Internal finance team becomes overloaded.
📉 The chance to grow into new markets fades due to outdated infrastructure.
The solution: Global IBANs by SimpelFin
💡 “We issued Spanish IBANs for both clients within a day.”
➡️ ES IBANs issued and linked to their main account.
➡️ Invoices re-sent, payments approved instantly.
➡️ No new banks or legal setup required.
➡️ Fully compliant with EU regulations.
What did this mean for their business?
✅ Both Spanish clients onboarded within the week.
✅ Payments received faster than expected.
✅ Opened conversations with clients in Portugal and Italy.
✅ Internal finance workflows remained centralized.
✅ Projected 12% growth in Southern Europe for the quarter.
✅ Time to cash reduced by 9 days on average.
Who is this perfect for?
Service businesses expanding into new EU markets needing local payment reception options.
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