Ebury, a London-based financial services company that supports SMEs to grow and trade internationally, announced today that it has received £18m in investment to fund its expansion. Investors include the Israeli-UK venture capitalists Greylock IL, whose Partner, Laurel Bowden, will join the Ebury’s board as a non-executive director.
Founded in 2009, Ebury now employs over 170 people, serves over 3000 clients and provides a range of financial services to SMEs, such as short-term finance, hedging currency risk and facilitating payments in foreign currencies. The new investment will enable the company to continue expanding internationally and to develop new products and services.
“The opportunities that come from trading internationally are no longer reserved for large companies. Technology and globalisation have changed the nature of business,” said Salvador Garcia Andres, CEO and Founder of Ebury.
“We help companies go global… at a time when banks are struggling to serve smaller and mid-market business clients. Greylock IL’s investment reflects our success in serving a fast-growing number of clients effectively, our strong performance as a business, and endorses our vision for the future.”
Laurel Bowden, Partner at Greylock IL, added: “Ebury has built a brilliant business by understanding its clients’ needs, innovating and providing them with outstanding services. They also have a clear vision of the future, having seen the potential and need for small and medium-sized companies to trade internationally. We believe they have great potential to continue to grow rapidly, helping mid-sized companies to compete across national boundaries.”