Fintech firm Ebury completes its first ever acquisition, as it looks to accelerate growth.
Ebury, one of Europe’s largest fintech companies, is pleased to announce its first acquisition: Frontierpay, an international payroll payments provider with offices in the UK and Singapore. Following recently announced banking partnerships with SACE Simest and Unicaja Banco, Ebury is investing in technologies that will accelerate the automation of treasury and international payments functions. International payroll payments specialist, Frontierpay, expands Ebury’s capabilities in technologies that automate international payments for SMEs.
Juan Lobato, Ebury’s Co-founder and CEO, commented: “I am delighted to announce Ebury’s first acquisition. This transaction comes during a period of change for our business, as we partner with more financial institutions and invest heavily in the technologies that will change the way SMEs trade and make payments internationally.
“We know Frontierpay well so are confident of the product, client and geographic benefits and, most importantly, the cultural fit. The addition of Frontierpay’s founders to our team will complement our entrepreneurial spirit and add valued experience to our team.
“The continued addition of products to Ebury’s core platform demonstrates that as the platform matures, revenue opportunities develop through new service lines as well as geographic expansion. The development of an acquisition strategy will accelerate our growth, as we can reach more clients with more services than ever before. We look forward to another exciting period ahead.”
Owain Walters, CEO of Frontierpay: “This is a significant milestone for our business and we are delighted to be joining a like-minded minded company with a strong cultural alignment. Access to Ebury’s platform and services will allow our already-strong growth rate to accelerate and give our existing clients the benefit of its unique cross-border transaction services, wider geographical coverage and a large dedicated technology team to drive our product development.”
Ebury enables cross-border transactions for companies, institutions, and banks and their clients, that want to trade internationally. Established in London in 2010, Ebury is one of Europe’s largest and best funded fintech companies. Juan Lobato, a serial entrepreneur, and Salvador García, an expert in Financial Services, created Ebury to make it easier for businesses to trade internationally.