“Can a Santander-backed cross-border payments platform become the financial operating system for internationally-trading SMEs and mid-market businesses — while simultaneously monetising that infrastructure via embedded finance APIs sold to other platforms?”
Founded in 2009 as an FX and international payments broker for SMEs, Ebury progressively broadened into a full transaction banking platform covering payments, collections, hedging, and working capital finance. The 2019 Santander acquisition provided capital to scale into Latin America and Asia and to deepen product coverage. Ebury has since positioned itself as an embedded finance infrastructure provider through 'Ebury Connect', enabling third-party platforms to white-label its payments and FX stack — a notable shift from pure B2B payments into infrastructure-as-a-service.
Ebury moves money over SEPA and Pix.
Ebury's cards run on Mastercard.
Ebury uses Nium for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 6 layers in Ebury's stack: Money movement (SEPA and Pix); Card network (Mastercard); Lending (Supplier Payment Finance (unsecured credit lines £50k–£5M, 150 days repayment) and Working capital finance); Unified APIs (Codat); FX & payouts (Nium); Accounting (NetSuite, Xero and Cobase).
Ebury is founded in 2009 and headquartered in London, United Kingdom.
Ebury has raised £350M+ in total (latest round: PE Growth (Santander acquisition, 2019); valuation: Up to £2 billion (reported IPO target, 2024)).
Get a read on where your own stack stands against Ebury 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.