HomeLithuaniaEbury to Acquire ArcaPay

Ebury to Acquire ArcaPay

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Ebury, a London, UK-based financial technology firm that empowers small- and medium-sized businesses to trade and grow internationally, acquired ArcaPay, a Vilnius, Lithuania-based provider of B2B cross-border payment solutions.

The amount of the deal was not disclosed.

The acquisition will enable Ebury to expand in the Baltics, help existing clients grow in the region and further strengthen and complement its core capabilities in international payments.

Founded in 2011, ArcaPay offers international payments, and currency risk management services used to small- and medium-sized businesses (SMEs). The company has grown to serve about 1500 clients, addressing the increasing demand from SMEs in the Baltic and Finnish markets.

Founded in London in 2009 by Spanish engineers Juan Lobato and Salvador García, Ebury is a Fintech company specialised in international payments, collections, and foreign exchange services. It offers financial solutions aimed mainly at SMEs and midcaps.

Ebury appointed Bruce Carnegie-Brown as Chair to support continued growth.

The news followed the opening of new European offices in Dublin and Stockholm, and further country expansion into South Africa, New Zealand, Chile and Mexico.

FinSMEs

21/01/2025

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