back Back

Ebury expands into Africa with acquisition of Prime Financial Markets

By Delisha Fernandes

December 13, 2023

  • Cash Management
  • Ebury
  • FinTech Africa

Ebury, Central Bank of Brazil, Bexs Group, SMEs, digital offerings, online businesses, Acquisition, Fintech news, Fintech BrazilEbury, a London-based financial technology, has announced the acquisition of Prime Financial Markets, a South Africa-based firm specialising in advisory & intermediary services in treasury and financial markets space.

The acquisition marks Ebury’s entrance into Africa for the first time, establishing a local office in South Africa. Demand for Ebury’s services has driven significant international growth with over 1,700 employees operating from 38 offices in 23 countries with annual transaction volumes of over $27 billion.

Juan Lobato, Co-Founder and Co-CEO at Ebury, said, “We’re delighted Prime Financial Markets are joining the Ebury family. Its complimentary suite of services is a natural fit with our global capabilities and the transaction enables us to establish a new geographic presence at the heart of Africa’s financial services market. International expansion is key to our strategy and this acquisition further strengthens both our platform for growth and our ability to provide a market-leading service to clients.”

Prime Financial Markets is a registered financial services provider offering financial market advice and intermediary services in the treasury and financial market space with significant experience supporting customers with their financial market exposure.

Prime Financial Markets’ capabilities include treasury evaluation services, hedge execution services, systems offering, liquidity and covenant management as well as treasury policy and risk integration advice.

Ebury is an FX and payments specialist, offering financial solutions to help SMEs and midcaps trade internationally. It specialises in international payments and collections, offers foreign exchange in over 130 currencies for both major and emerging markets, as well as cash management strategy, trade finance, and foreign exchange risk management.

Gert Delport, Managing Director at Prime Financial Markets, said, “Ebury’s global scale, innovative technology and bespoke customer service makes them a natural partner for our business. It is a hugely ambitious business and we look forward to achieving those lofty strategic goals together particularly in Africa, our geography of expertise.”

Previous Article

December 12, 2023

Paytron selects Thredd as its Global Issuer Processor

Read More
Next Article

December 13, 2023

ConnexPay adds Canadian Dollars to virtual card offering

Read More

IBSi Daily News Analysis


February 23, 2024

Cash Management

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 22, 2024

Revolut launches Robo-Advisor to automate investment processes

Read More

February 20, 2024

Luzerner Kantonalbank implements FM Converge from Finmechanics

Read More

February 15, 2024

Finastra and SYSTEX to deliver treasury solutions for Taiwan banks

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023