Ebury Hires Perella Weinberg Partners, Prepares for IPO in 2025

Ebury, a fintech company specialised in international payments, collections, and Forex services, has reportedly hired Perella Weinberg Partners (PWP), an American global financial services firm focused on investment banking advisory services, to launch an initial public offering (IPO) of the business as soon as 2025.

The British-based fintech is currently valued at £900 million. In 2019, Spain's Santander bought a 50.1% stake in Ebury for £350 million to accelerate its digital payments services strategy, and then raised its stake in the company to around 67% in the latest funding round last year.

Ebury CEO Juan Lobato wrote in a recent email: "IPO is what we are going to do and it is what we always wanted to do; this is well defined and reflected in our shareholding agreement. Perella is working with us to position Ebury for IPO, and [its] mandate does not reflect any sale of shares by existing shareholders."

In addition, there are indications that Ebury may seek financing before going public.