Ebury, a London, UK-based financial services company, received $30m in expansion capital.
The debt and equity round was led by Greylock IL, with participation from other investors. In conjunction with the funding, Laurel Bowden, a Partner at Greylock IL, will join Ebury’s board as a non-executive director.
The company intends to use the funds to accelerate its expansion and develop new products and services.
Founded in 2009 by Salvador Garcia Andres, CEO, Ebury provides small and mid-sized businesses with solutions to make and receive payments in foreign currencies, enjoy competitive exchange rates, use emerging-market currencies, hedge currency risk and benefit from liquidity. They can also access short-term finance, and make transactions in more than 100 currencies.
The company currently serves more than 3,000 mid-market firms as clients, and employs more than 170 people. in its offices in London, in Madrid and the Amsterdam.
It is regulated as an Authorised Payments Institution by the UK’s Financial Conduct Authority.
FinSMEs
23/06/2014