“Can a small B2B FX and cross-border payments specialist built on Currencycloud infrastructure scale across the EU SME market — or does it become a regional acquisition target for a larger FX player?”
Founded in 2011 in the UK as a B2B FX and international payments provider for SMEs, ArcaPay gradually expanded its geographic coverage and product range (adding FX forwards in 2018) and obtained EU licensing in Lithuania in 2021 to serve eurozone clients. The company was acquired by Ebury in January 2025 and fully absorbed into the Ebury brand, with the Lithuanian entity renamed Ebury Partners Lithuania UAB and existing clients redirected to Ebury's platform. By the time of acquisition, ArcaPay was a small-team fintech (6 employees, ~$310K revenue) that had functioned as a white-label FX and payments gateway powered largely by Currencycloud's infrastructure.
ArcaPay uses Currencycloud for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 2 layers in ArcaPay's stack: Unified APIs (Currencycloud); FX & payouts (Currencycloud).
ArcaPay is founded in 2011 and headquartered in Vilnius, Lithuania (also previously London, UK).
Get a read on where your own stack stands against ArcaPay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.