UK-based Ebury teams up with German FinTech TrustBills

By Megha Bhattacharya

Global transaction platform, Ebury has signed a new partnership with German FinTech TrustBills. The new partnership will mutually enhance both companies’ product offering and aims to make international trade easier for corporates as well as increasing access to cross border receivables finance to more market participants.

Juan Lobato, Ebury’s co-founder and CEO, commented, “TrustBills Receivables Exchange provides diversified sources of liquidity and continuous access to working capital at the lowest cost. As we focus on providing solutions for international trade, TrustBills is a very good fit. It provides additional liquidity to our clients and helps to free cash tied up in outstanding invoices.”

TrustBills and Ebury will be able to provide a better alternative to the EBICS approval process which can be slow. This will enable clients in Germany, Switzerland and Luxembourg to benefit from both companies best-in-class technology when it comes to payments and working capital.

Recently, Italian PayTech Nexi has signed a partnership with FinTech Ebury. The agreement will see Ebury join Nexi Open, thus enabling Nexi’s partner banks to offer their clients with the full suite of Ebury services, including international cash management, FX risk management and import/export lending. The FinTech’s services will be offered to businesses via an advanced technology platform, easily integrating within the bank’s digital infrastructure, enabling efficient access to the services and strengthening the relationship between the bank and its clients.

Joerg Hoerster, Founder and CEO of TrustBills, commented, “Corporates around the globe can open multi-currency accounts with Ebury in no time. Foreign investors who plan to source trade finance risks through TrustBills Receivables Exchange will now find that processes will become much easier, faster and more efficient.”