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.
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