View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

Santander buys majority stake in payments platform Ebury for £350m

Banco Santander has acquired a 50.1% stake in UK-based payments platform Ebury, following the receipt of all regulatory approvals.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Santander invested £350m ($436m) to close the deal, which was first announced in November last year.

The move is in line with the bank’s strategy to deliver SMEs with tools required for their international expansion via global trade finance services.

To that end, the bank has used £70m ($87.2m) of the total deal value to boost its resources and support international expansion.

Santander Brazil and Ebury chairman Sergio Rial said: “This new acquisition will provide us with the capabilities to further increase the Global Trade Services business with a new world-class platform with which we expect a significant return on investment in the coming years.”

Under the terms of agreement, Ebury will get access to Santander’s international network as the payments platform plans to expand its business to other markets in Latin America and Asia.

In the UK, the firm operates as a global distribution platform supported by a data-based business model that offers high-quality products and customer experience.

Ebury co-founders Juan Lobato and Salvador Garcia said: “In just over ten years, Ebury has grown from a small fintech company to a business with over 1,000 employees.

“Now, thanks to the support of Santander, we will be able to expand the business even more internationally and enter new markets.”

Ebury, which has operations in 17 countries and deals in 140 currencies, serves over 43,000 active companies.

The company has reported a 50% average year-on-year growth in revenues over the past three years.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International