Santander has agreed to participate in c.£550 million funding rounds for Ebury, its global fintech platform focused on cross-border payments and international trade solutions.
„Santander will invest £50 million and remain Ebury’s majority shareholder with a 55% stake, reinforcing its long-term commitment and Ebury’s strategic role as the group’s SME cross-border payments platform and a key source of product innovation. The rounds will be executed in two separate transactions, subject to customary regulatory approvals.” – according to the press release.
Ebury operates in 30 regulated markets and serves more than 27,000 businesses worldwide, enabling payments in over 140 currencies across 160 countries. Its technology-driven platform allows clients to make and receive international payments, manage foreign exchange risk, move funds between subsidiaries in real time and integrate with their financial systems. Ebury has grown its revenues over 30% per annum since Santander invested in 2020.
„The proceeds, including primary and secondary components, will be used to accelerate growth through product development and geographic expansion, with a focus on scaling the business and enhancing AI capabilities to improve payment processing, optimise foreign exchange solutions and enhance the overall customer experience.” – the company said.
„These transactions support both Ebury’s continued growth and Santander’s focus on disciplined capital allocation and value creation. The additional investments will enable Ebury to scale faster and enhance its offering to SMEs globally. The new partners also add significant strategic value, combining complementary expertise to accelerate growth and maximise the platform’s long-term potential.” – commented Ana Botín (photo center), Banco Santander executive chair.
Juan Lobato, Ebury’s CEO (photo left), said: “We are delighted to welcome Centerbridge as a new investor alongside our existing investors. We are also very pleased to continue our partnership with Santander, having demonstrated that by combining the strengths of a leading European bank with a fast-growing fintech, we can build a world-leading cross-border payments platform for businesses. These investments come at a pivotal time, as the evolution of digital money infrastructure and agentic payment workflows will provide strong tailwinds and further accelerate our growth.”
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By 2028, Santander aims to exceed 210 million customers, deliver mid-single-digit revenue growth, and reduce total costs annually (not affected by removing Ebury’s cost base), resulting in profit of more than €20 billion and a return on tangible equity (RoTE) above 20%. Ebury is part of Santander’s Payments Solutions global business, which targets annual revenue growth of more than 15% over 2026–2028 (in constant euros and on a like-for-like basis) and an EBITDA margin of c.45% by 2028.
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