Santander: takes 50.1% of trade and FX platform Ebury

(CercleFinance.com) - Santander today announced a strategic investment in Ebury, a UK-based trade and foreign exchange platform for SMEs for approximately 400 million euros.


The investment, which is part of Santander's digital strategy, will further enhance the Spanish bank's position on the market of SMEs trading internationally in markets across Europe and the Americas, and in Asia later on, the group said.

Ebury, which operates in 19 countries and 140 currencies, has generated average annual revenue growth of 40% in the last three years.

It operates a distribution platform driven by data.

Santander bought 50.1% of its capital.

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