UK fintech Ebury has entered into an agreement to acquire ArcaPay, a B2B cross-border payment solutions provider based in Lithuania.Ebury inks acquisition agreement with ArcaPayEbury says the addition of ArcaPay will enable the company to “expand in the Baltics” and “help existing clients grow in the region”.The deal is subject to regulatory approval and financial terms have not been disclosed.Headquartered in Vilnius, ArcaPay specialises in foreign exchange (FX), currency risk management, and B2B cross-border payment services. Since launching in 2011, the company claims to have amassed around 1,000 SME clients and operates primarily across the Baltic and Finnish markets.Commenting on the deal, Juan Lobato, founder and CEO of Ebury, says that the acquisition will “allow us to deliver to our strategic priorities of leveraging targeted acquisitions, serving our existing clients more successfully and expanding into new attractive markets”.The move sees Ebury continue to expand its global footprint. Backed by a majority investment from Spanish bank Santander, the fintech previously expanded into Brazil through its 2022 acquisition of FX and cross-border payment specialist Bexs, before going on snap up Johannesburg-based Prime Financial Markets the following year to secure a foothold in the African market. The firm has also expanded into New Zealand, Chile and Mexico in recent times.In March last year, Bloomberg reported that Ebury had entered into talks with a number of unnamed banks about a potential public listing on the London Stock Exchange (LSE) in 2025, citing sources familiar with the matter.This was followed by a Financial Times report in August indicating that the fintech had appointed Goldman Sachs to lead a potential stock market floatation.
Gio. Gen 16th, 2025
