- Ebury, a UK-based fintech, acquires Prime Financial Markets in South Africa for an undisclosed sum.
- Prime Financial Markets provides intermediary services, treasury evaluation, hedge execution, financial advice, and risk mitigation in the treasury and financial market space.
- Ebury aims to integrate Prime Financial Markets’ services to enhance offerings for international SMEs.
- Ebury specializes in international payments, foreign exchange, cash management, trade finance, and foreign exchange risk management.
- The acquisition enabled Ebury to debut in Africa, establishing a local office in South Africa.
- Juan Lobato, Ebury’s co-founder, sees Prime Financial Markets as a “natural fit” for global capabilities and emphasizes international expansion in the company’s strategy.
- Ebury previously entered the Brazilian market in May 2022 through the acquisition of Bexs fintech businesses. Currently operates in 23 countries worldwide.
UK fintech Ebury acquires Prime Financial Markets to make African debut
