Unicaja banco partners with UK based Fintech Ebury to enable SME credit

unicaja

Juan Lobato, Ebury’s Co-founder and CEO

UK-based Ebury, a financial services company has announced a strategic partnership with Spanish based bank, Unicaja Banco. The agreement will enable Unicaja to offer international payments and cash management services through Ebury’s transaction banking platform to its 400,000 SME customers and 3 million retail customers.

The supplier claims to reduce Unicaja’s turn around time (TAT) and operational costs involved in the process of the credit assessment. Ebury currently serves to over 35,000 small and mid-sized companies and institutions around the globe and has executed $2bn per month in transactions.

Juan Lobato, Ebury’s Co-founder and CEO commented, “I am delighted that Unicaja, one of Spain’s largest banks, has chosen to work with Ebury and will offer our customer-led services to its extensive client base. Our tailored solution is a cost-efficient way for Unicaja to reverse the trend of banks retrenching the services they provide to SMEs, and marks an important improvement in its capabilities.This partnership is further validation of our strategy to deliver high-quality and efficient cross-border transactional services to small and medium companies that have difficulty accessing these services elsewhere on a single platform. In partnership with Ebury, banks can help businesses grow internationally while reducing the cost and risk of cross-border transactions”

Ebury, works with 28,500 business and organizations across Europe and provides them with access to finance, and helps them to manage currency risk and plan their approach to overseas payments. Ebury has traded £15bn in foreign exchange over the past 12 months. Ebury has offices in London, Manchester, Madrid, Lisbon, Paris, Amsterdam, Brussels, Zurich, Milan, Warsaw, Athens and Toronto.

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