Ebury acquires payroll provider Frontierpay

Source: Ebury

Ebury, one of Europe’s largest fintech companies, is pleased to announce its first acquisition: Frontierpay, an international payroll payments provider with offices in the UK and Singapore.

Ebury, one of Europe’s largest fintechs, completes its first ever acquisition, as it looks to accelerate growth
Following recently announced banking partnerships with SACE Simest and Unicaja Banco, Ebury is investing in technologies that will accelerate the automation of treasury and international payments functions
International payroll payments specialist, Frontierpay, expands Ebury’s capabilities in technologies that automate international payments for SMEs

Juan Lobato, Ebury’s Co-founder and CEO, commented: “I am delighted to announce Ebury’s first acquisition. This transaction comes during a period of change for our business, as we partner with more financial institutions and invest heavily in the technologies that will change the way SMEs trade and make payments internationally.

“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.

“The continued addition of products to Ebury’s core platform demonstrates that as the platform matures, revenue opportunities develop through new service lines as well as geographic expansion. 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.”

Comments: (1)

Gabriel Onyango
Gabriel Onyango - Open Banking Sherpa - Yala 21 October, 2019, 13:18Be the first to give this comment the thumbs up 0 likes