London fintech expands international reach with first acquisition

A London-based fintech firm has announced its first acquisition as part of its plans for international expansion.

Ebury has acquired international payroll payments specialist Frontierpay, which has offices in the UK and Singapore.

Established in London in 2010, Ebury specialises in global transaction services, and currently has 25 offices in 20 countries.

The acquisition forms part of the fintech’s wider strategy to invest in technologies that will support the acceleration of the automation of international payment processes, specifically targeting those within finance and treasury functions of mid-market corporates.

In addition, the deal will also Ebury’s geographic footprint in the Asia-Pacific region alongside its new Australian office.

Juan Lobato, Ebury’s co-founder and CEO, commented: “I am delighted to announce Ebury’s first acquisition.

“We know Frontierpay well so are confident of the product, client and geographic benefits and, most importantly, the cultural fit. The addition of Frontierpay’s founders to our team will complement our entrepreneurial spirit and add valued experience to our team.

He added: “The development of an acquisition strategy will accelerate our growth, as we can reach more clients with more services than ever before.

“We look forward to another exciting period ahead.”