Ebury, a fintech firm specializing in cross-border payments and backed by Banco Santander, is planning a £2 billion IPO in London. Santander, which owns a 50.1% stake in Ebury, has supported its expansion into Latin America and Asia.
The company, serving over 50,000 clients, processed £25.5 billion and generated £204 million in revenue for the financial year ending April 2023, despite an operating loss of £7 million. The IPO aims to capitalize on Ebury's growing influence in international payments and financial services, potentially marking a significant event for London's capital markets.
