Spanish bank Santander has bought a £350 million majority stake in UK-founded foreign exchange firm Ebury, Reuters reports. The bank says the 50.1% majority stake is part of a digital strategy to boost growth by taking on new ventures, as £70 million of Santander’s stake will count as new primary equity to support Ebury’s plans to expand into LatAm and Asian markets. Santander’s Chairman Ana Botín at the bank’s international conference last year Operating across 19 countries and 140 currencies, the fintech works with small and medium-sized companies to facilitate trade and foreign exchange. With its new partnership, the 2006-founded…
Santander splashes £350m for majority stake in Ebury
Santander splashes £350m for majority stake in Ebury
