Ebury, a leading financial services firm based in the UK, has recently forged a strategic partnership with dLocal, a global payment platform that specializes in emerging high-growth markets. The partnership aims to increase both companies’ influence in Africa.
The recent agreement was officially announced by Ebury. The company framed this collaboration as a major advancement and emphasized its dedication to enabling businesses to tap into the African market.
This partnership is primarily aimed at providing businesses with access to specifically tailored payment solutions for emerging African markets. With this move, Ebury has further demonstrated its commitment to engaging and supporting high-growth markets in Africa.
UK-based global financial services firm Ebury is paving the way for a deeper foray into African markets through a strategic partnership with Uruguay-founded payment platform dLocal, following its 2023 acquisition of South African financial services company Prime Financial Markets.
This move is part of Ebury’s efforts to expand its client base into Africa’s robust markets. Ebury, a global fintech player with a presence in 25 countries across 38 offices, has experienced substantial growth, with a 32% surge in global transaction volumes in 2023 alone, exceeding £25.5 billion. It provides a wide array of services encompassing international payments and collections, business lending, and forex risk management.
As a pioneering payment platform listed on NASDAQ, dLocal empowers global enterprise merchants to connect with consumers in emerging markets. The collaboration with dLocal is expected to enhance Ebury’s offerings and reach to its clients.
On this significant partnership, Joe Kemsley, Ebury’s head of product strategy, remarked on the importance of transparency and predictability in payment transactions, especially in emerging markets.
Agustin Botta, head of EMEA, dLocal, pointed out that leveraging dLocal’s extensive on-ground banking network would provide Ebury’s clients with liquidity and competitive rates, ultimately fostering their confident and seamless expansion into emerging economies.
