Ebury, a fintech company specializing in international payment solutions, has announced the acquisition of ArcaPay, a Lithuania-based provider of B2B payment and foreign exchange risk management services. This acquisition will enable Ebury to expand its footprint in the Baltic States and Finland, while enhancing its international payment capabilities.
The transaction, whose value remains undisclosed, is subject to regulatory approvals.
Juan Lobato, Ebury’s founder and CEO, expressed enthusiasm about the deal:
"We have been impressed by ArcaPay’s rapid growth and ability to address the needs of SMEs looking to expand internationally. This acquisition aligns perfectly with our strategic priorities of leveraging targeted acquisitions to better serve existing customers and enter new markets."
Founded in 2011, ArcaPay serves approximately 1,500 customers, providing tailored solutions for small and medium-sized businesses. Marius Bausys, founder of ArcaPay, highlighted the potential of the merger:
"With Ebury, we can offer enhanced support to SMEs and businesses of all sizes in the region. Together, we’re well-positioned to help our clients thrive in the global economy."
This acquisition represents another step in Ebury’s growth strategy, solidifying its position as a leader in the international payments industry while expanding its presence in key Northern European markets.
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