Ebury, a financial
technology company offering cross-border payment solutions, is progressing with
its expansion across Brazil. The company recently launched Ebury Bank, an
exclusive brand for the Brazilian market, reflecting the local foreign exchange
banking license held to offer a wide range of products for legal entities.
The company
acquired the Bexs Group, which includes Bexs Banco and Bexs Pay, and is
finalizing the transition of controllers following Brazilian Central Bank
procedures.
For foreign
trade companies, Ebury Bank looks to expand offerings that address inherent
financial risks, as the Brazilian real is highly volatile against currencies
like the US dollar and Chinese yuan.
“Brazil
is a key country in Ebury’s geographic expansion. We believe it will be crucial
to increase our revenues while helping local companies access international
trade,” said Fernando Pierri, the Global Chief Commercial Officer at
Ebury.
As part of
its Brazil plans, Ebury intends to hold an initial public offering within the
next two years. Founded in 2009, Ebury operates in over 25 countries, with the
UK, Spain and Brazil as flagship markets. It aims to expand foreign exchange
services for SMEs and through application programming interfaces to platforms
and tech companies.
Beyond Brazil
In addition,
Ebury has operations in Chile and recently entered the African market via an
acquisition in South Africa. Regarding API products, Ebury bets on facilitating
China-Brazil trade and payments.
“There’s
potential to simplify Chinese players’ access to Brazil, considering aspects
from shopping to payment methods,” said Luiz Henrique Didier Jr., Executive
in charge of FX as a Service at Ebury.
Also, the
company is further extending its collaborations with sports clubs by announcing
a new agreement with PSV Eindhoven, a Dutch football team. Fintech has secured
a multi-year deal to become the “official fintech partner” of the
club.
Ebury
provides international payment, FX and risk management solutions across over
130 currencies. Founded by Juan Lobato and Salvador García, the company has grown to employ more than
1,700 workers globally and processes £27 billion in annual transactions.
Ebury, a financial
technology company offering cross-border payment solutions, is progressing with
its expansion across Brazil. The company recently launched Ebury Bank, an
exclusive brand for the Brazilian market, reflecting the local foreign exchange
banking license held to offer a wide range of products for legal entities.
The company
acquired the Bexs Group, which includes Bexs Banco and Bexs Pay, and is
finalizing the transition of controllers following Brazilian Central Bank
procedures.
For foreign
trade companies, Ebury Bank looks to expand offerings that address inherent
financial risks, as the Brazilian real is highly volatile against currencies
like the US dollar and Chinese yuan.
“Brazil
is a key country in Ebury’s geographic expansion. We believe it will be crucial
to increase our revenues while helping local companies access international
trade,” said Fernando Pierri, the Global Chief Commercial Officer at
Ebury.
As part of
its Brazil plans, Ebury intends to hold an initial public offering within the
next two years. Founded in 2009, Ebury operates in over 25 countries, with the
UK, Spain and Brazil as flagship markets. It aims to expand foreign exchange
services for SMEs and through application programming interfaces to platforms
and tech companies.
Beyond Brazil
In addition,
Ebury has operations in Chile and recently entered the African market via an
acquisition in South Africa. Regarding API products, Ebury bets on facilitating
China-Brazil trade and payments.
“There’s
potential to simplify Chinese players’ access to Brazil, considering aspects
from shopping to payment methods,” said Luiz Henrique Didier Jr., Executive
in charge of FX as a Service at Ebury.
Also, the
company is further extending its collaborations with sports clubs by announcing
a new agreement with PSV Eindhoven, a Dutch football team. Fintech has secured
a multi-year deal to become the “official fintech partner” of the
club.
Ebury
provides international payment, FX and risk management solutions across over
130 currencies. Founded by Juan Lobato and Salvador García, the company has grown to employ more than
1,700 workers globally and processes £27 billion in annual transactions.
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- Source: https://www.financemagnates.com//fintech/ebury-launches-bank-in-brazil-eyes-further-expansion-and-ipo/
