This transaction was announced in November 2019 and is part of the bank’s digital strategy. The move aims to provide SMEs with tools for their international expansion through global trade finance services.
Ebury is a payment, FX, and international cash management platform for SMEs. The company already has operations in 17 countries and 140 currencies, according to the official press release. Ebury maintains its headquarters in the UK, from where it operates a global distribution platform supported by a data-based business model. With the support of an international group such as Santander, the company will be able to expand its business to other markets in Latin America and Asia.
Santander invested GBP 350 million (around EUR 400 million) in the deal. Of this amount, GBP 70 million was used to support the company's resources to underpin its international expansion. The agreement provides Ebury with access to Santander's international network.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright