Brasil_México_Startup Blink_Ranking
In 2021, Ebury, a UK fintech specializing in international payments, partnered with Bexs to enter the Brazilian market. This strategic move followed Banco Santander’s 2019 acquisition of a majority stake in Ebury. By 2022, Ebury had acquired Bexs Banco and Bexs Pay, enhancing its money transfer solutions for SMEs and bolstering its online business services in Brazil. The acquisition enabled Ebury to leverage Bexs’ technology, facilitating large-scale international payments to Brazil. By 2023, Ebury completed Bexs’ integration, solidifying its foothold in the region.
Ebury’s core offerings include international payments, collections, and foreign exchange (FX) services, targeting SMEs and midcaps. Providing FX services in over 130 currencies, Ebury also offers cash management, trade finance, and FX risk management solutions. In 2023, Ebury’s growth trajectory included acquiring Prime Financial Markets, marking its entry into Africa. Additionally, partnerships were formed with InCorp Global, ScotPac, and 360tf, expanding its global network and service capabilities.
Ebury’s expansion in Brazil has been significant, with predictions for 2024 indicating a doubling of its USD 4.86 billion FX exchange volume from the previous year. While Brazil currently ranks as Ebury’s third-largest market, behind the UK and Spain, the company’s intensified focus on Brazil underscores its potential as a key revenue generator. This expansion coincides with Ebury’s preparation for an initial public offering (IPO) slated for 2025, reflecting its ambitious growth and global market penetration strategy.
