Ebury Partners with German FinTech TrustBills

Ebury, one of the UK and Europe’s largest and best funded fintech companies, recently announced its strategic partnership with German FinTech TrustBills. The new partnership will mutually enhance both companies’ product offering and aims to make international trade easier for corporates as well as increasing access to cross border receivables finance to more market participants.

According to the offcial press release, the two companies have agreed to supplement each other’s portfolios, integrate their payment systems, and support their respective sales activities.

By integrating their payments systems, TrustBills and Ebury will be able to provide a better alternative to the EBICS approval process which can be slow. This will enable clients in Germany, Switzerland and Luxembourg to benefit from both companies best-in-class technology when it comes to payments and working capital.

Juan Lobato, Ebury’s co-founder and CEO, commented:“TrustBills Receivables Exchange provides diversified sources of liquidity and continuous access to working capital at the lowest cost. As we focus on providing solutions for international trade, TrustBills is a very good fit. It provides additional liquidity to our clients and helps to free cash tied up in outstanding invoices.”

Joerg Hoerster, Founder and CEO of TrustBills, said:“Corporates around the globe can open multi-currency accounts with Ebury in no time. Foreign investors who plan to source trade finance risks through TrustBills Receivables Exchange will now find that processes will become much easier, faster and more efficient.”