Ebury, a financial technology company offering cross-border payment solutions, is progressing with its expansion across Brazil. The company recently launched Ebury Bank, an exclusive brand for the Brazilian market, reflecting the local foreign exchange banking license held to offer a wide range of products for legal entities.

The company acquired the Bexs Group, which includes Bexs Banco and Bexs Pay, and is finalizing the transition of controllers following Brazilian Central Bank procedures.

Fintech Ebury Advances Expansion in Brazil

For foreign trade companies, Ebury Bank looks to expand offerings that address inherent financial risks, as the Brazilian real is highly volatile against currencies like the US dollar and Chinese yuan.

"Brazil is a key country in Ebury's geographic expansion. We believe it will be crucial to increase our revenues while helping local companies access international trade," said Fernando Pierri, the Global Chief Commercial Officer at Ebury.

As part of its Brazil plans, Ebury intends to hold an initial public offering within the next two years. Founded in 2009, Ebury operates in over 25 countries, with the UK, Spain and Brazil as flagship markets. It aims to expand foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term services for SMEs and through application programming interfaces to platforms and tech companies.

Beyond Brazil

In addition, Ebury has operations in Chile and recently entered the African market via an acquisition in South Africa. Regarding API products, Ebury bets on facilitating China-Brazil trade and payments.

"There's potential to simplify Chinese players' access to Brazil, considering aspects from shopping to payment methods," said Luiz Henrique Didier Jr., Executive in charge of FX as a Service at Ebury.

Also, the company is further extending its collaborations with sports clubs by announcing a new agreement with PSV Eindhoven, a Dutch football team. Fintech has secured a multi-year deal to become the "official fintech partner" of the club.

Ebury provides international payment, FX and risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions across over 130 currencies. Founded by Juan Lobato and Salvador García, the company has grown to employ more than 1,700 workers globally and processes £27 billion in annual transactions.