Fintech
Ebury plans £2bn London IPO
July 22, 2024
Written by FinTech Alliance in Financial Technology
Ebury, a fintech company specializing in cross-border payments and backed by Banco Santander, is planning a £2 billion IPO in London. Santander, which owns a 50.1% stake in Ebury, has supported its expansion into Latin America and Asia.
The company, which serves more than 50,000 customers, processed £25.5 billion and generated £204 million in revenue for the financial year ended April 2023, despite an operating loss of £7 million. The IPO is aimed at capitalising on Ebury’s growing influence in international payments and financial services, potentially marking a significant event for London’s capital markets.