Ebury has found an investor in NIBC Bank in return for a risk management and an ideal payment platform for the bank’s customers.
Ebury, one of the fastest growing fintechs for corporate cross-border payments and growth lending, today announced investment from NIBC bank. The new partnership will open up cross-border trading opportunities for NIBC customers. Ebury will provide NIBC bank customers with an innovative platform for payments, risk management and funding.
Many mid-size businesses do not have access to compelling international banking solutions or expertise, thus limiting their possibilities in cross-border trade. Both NIBC bank and Ebury will enable customers to gain an international business banking solution including solutions in most emerging markets; allowing them to benefit from international trade to accelerate growth.
The partnership with NIBC bank will allow Ebury to further grow and develop its business in the Netherlands, Germany, Belgium and across Europe. Since inception in 2009, Ebury is one of the fastest growing fintech companies globally, employing over 500 staff, with offices in eight European countries and have raised over $120m of investment from the top technology investors.
Juan Lobato, CEO and co- founder of Ebury, says: “We are delighted to announce our partnership with NIBC. The NIBC team have shown outstanding achievements when it comes to placing their customer interests first. This is a great example of how banks can successfully partner with credible fintechs to improve their propositions. We look forward to bringing our solutions to NIBC customers, who will benefit from continuous innovation and a strategic international banking solution”.
As a leading bank in the Netherlands, NIBC continually make additions to their financial solutions for their medium-sized client base, this includes recent additions of capital market solutions, cashflow management and leasing capabilities.
Paulus de Wilt, CEO of NIBC Bank, states: “When our clients take an important next step in the development of their business – decisive moments, as we call it – NIBC wants to be their financial partner. At NIBC we want to be at the forefront of technology for the betterment of our clients. This added cross-border financial solution from our partnership with Ebury will provide opportunities and minimise risk for clients to expand globally. Almost as important, the partnership will inspire us at NIBC by observing and learning from Ebury’s inventive and professional business culture; and vice versa. This also explains the rationale behind this transaction”.
Ebury, set up in 2009 is one of the fastest growing fintechs, employing over 500 staff with offices in eight European countries and raised over $120m of investment from the top technology investors. Headquartered in London, Ebury provides corporates with innovative international banking solutions aimed to help them trade globally. Ebury serves over 15,000 corporate clients with transactions in over 140 currencies. Ebury helps eliminate borders with financial services that are normally reserved for large companies with business funding for supply chain finance, tailored currency services, trade finance, cash management and risk management solutions.
Also Ebury is quoted in the FT as one of Europes fastest growing fintech companies and amongst the 17 leading startups in the Business Insider.
NIBC is the bank of choice for decisive moments. Their Corporate Banking activities offer a combination of corporate finance & capital markets, financing and investing in the sectors Food, Agri, Retail & Health, Industries & Manufacturing, Infrastructure & Renewables, Commercial Real Estate, Oil & Gas Services, Shipping & Intermodal and Telecom, Media, Technology & Services. Retail Banking offers residential mortgages in the Netherlands and online retail saving deposits in the Netherlands, Belgium and Germany via NIBC Direct.