Foreign currency provider Ebury Partners raises £3.5m Envestors-led funding
BaseKit founder to join board as part of deal
Boutique foreign exchange specialist Ebury Partners has announced the successful closure of a £3.5m equity funding round, led by private investor network Envestors.
Based in London, Ebury offers tailored foreign exchange and automated payment services to corporates and high net-worth individuals in the UK and Europe.
It claims to distinguish itself from banks and other niche firms by its breadth of staff experience, focus on proprietary technological innovation, and market insight.
The £3.5m backing, which included £1.15m from Envestors, is expected to be used to double the company’s turnover and expand operations in continental Europe.
Juan Lobato, founder and CEO of Startups 100 website builder BaseKit, will also join the Ebury board as part of the Envestors deal.
Salvador Garcia Andres, chief executive of Ebury Partners, said: “Envestors took a radically different approach, not only preparing us fully, but also introducing us to high-net-worth investors in territories such as Jersey, who were genuinely interested and tremendously helpful.
“The money will enable us to hasten organic growth, boost our platform and sales capabilities and move into new geographies and products. We’re thrilled with this outcome.”