Fibo is redefining crypto access for everyday investors in France

Fibo is the simplest digital asset investment solution available on the French market, designed to help neo-investors make their first investments in cryptocurrencies. 

Offering a 360° application that is both professional and straightforward, Fibo provides customers with services for investment strategy and asset purchasing. Customers trust Fibo thanks to the company’s status as a registered PSAN with the AMF, the French Financial Markets Authority.  

The need: Enabling in-app payments for Fibo customers

As experts in both traditional finance and cryptocurrency, the Fibo team focuses much of its efforts on making cryptocurrency investments a reachable goal for a broader French audience.

“Today, even if we are seeing a growing adoption of cryptocurrencies in France – between 12 and 15% of French people hold cryptocurrencies – we realize that a large number have not taken the plunge. They didn’t take the plunge because it seems complicated to them, there is volatility, and there is a risk of scamming.” —Victor Gillibert, CEO and Co-Founder of Fibo

Dipping into cryptocurrency in the French markets can often require people to reach out to an asset manager and commit between €10K and €20K for their first investments, creating a substantial entry barrier for most individuals in the country. Fibo breaks down this barrier by allowing users to invest in diversified portfolios from just €200 and set up savings plans for as little as €50 per month.

However, while Fibo removed one entry barrier by lowering the minimum investment threshold, they also wanted to resolve another: making it easier for people to actually make investments. For this, they wanted to provide investors with a convenient and simple account top-up solution directly via Fibo’s mobile app. They aimed to steer away from the archaic and restrictive process of traditional bank transfers, leading them to contact Powens to explore a better option. 

The solution: Simplified Account-to-Account Open Banking payment transfers

After getting in touch with Powens, Fibo implemented our Open Banking transfers solution, which allows for instant or first-working-day payments via the Fibo app. 

This solution allows Fibo to offer real-time Account-to-Account (A2A) payments alongside more conventional payment methods, giving customers a wider range of choices and financial flexibility.  

“The integration process went very well. It has been greatly simplified by clear and transparent API documentation. We were able to integrate the API extremely quickly.” —Victor Gillibert, CEO and Co-Founder of Fibo

Now, Fibo users can invest more easily and consistently to build their crypto wealth over time. Plus, by implementing a payments solution powered by Open Banking, Fibo was able to enable flexible, low-friction transactions that match its users’ digital-first expectations.

The results: Smooth and easy payments with excellent customer feedback

As of today, Fibo and Powens have been working together for a year and a half. 

Fibo has received excellent customer feedback regarding the simplicity of the payment process since partnering with Powens. Integrating Powens also allowed the company to process larger numbers and volumes of transactions with maximum security from the start, which was a key criterion for Fibo when selecting a provider. 

“[The] Powens teams were great. We have set up regular meetings to monitor the progress of the integration, so we thank them for their proactivity and help on the subject, which was done in record time.” —Victor Gillibert, CEO and Co-Founder of Fibo

Streamline account top-ups with Open Banking payments built for product-led teams

If you’re building an account top-up payments solution or need a faster, smarter way to enable account-to-account transfers, Powens delivers the flexibility, speed, and reliability your product needs.

Get in touch with our team today to schedule a demo.

Natasha