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London based fintech company has raised £350m from Banco Santander, as Spain’s biggest bank seeks to win more business from SMEs that trade internationally. Santander acquired a 50.1% stake in Ebury, which operates in 19 countries with the new funding used to support Ebury’s expansion into Latin America and Asia.
“Combining a big bank with nimble fintech means we can offer our clients the best of both worlds: they can benefit from our technology and high-quality service safe in the knowledge that they are counterparty to one of the world’s most important financial institutions,” Messrs Lobato and García said.
https://www.ft.com/content/ab45172e-feda-11e9-b7bc-f3fa4e77dd47
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