Ebury Partners with Santander Germany to Increase Support for SMEs

Ebury, a leading fintech offering international transactions, FX hedging and collection account solutions for businesses, announced that it has partnered with Santander Germany, one of the prominent financial services providers in Germany, to offer businesses in the country a complete international finance solution to simplify international trade.

According to the press release, the partnership will integrate the advantages of one of the largest and most successful banks in the world with the agility and specialist technology of a fintech. Clients will benefit from their combined services allowing them to trade with anyone from anywhere.

Through the latest partnership, the onboarding process time for clients has been reduced to as little as 24 hours. The partnership has already been successfully trialled by a number of clients.

"We are delighted to be partnering with Santander to improve services for businesses in Germany who want to trade internationally. Combining forces will allow clients to benefit from Ebury's agility as a fintech and its specialist international transaction services alongside Santander's significant lending capabilities,"Nils Hennemann, Country Manager of Ebury Germany said.

"This collaboration heralds a major step forward for SMEs in Germany as we join our strong lending capabilities and banking solutions with Ebury's specialist technology to create a wholesale banking platform to make international trade more straightforward,"Peter Stindt, Head of Business and Corporate Banking of Santander Germany added.

Last year, Banco Santander purchased 50.1% stake in Ebury, part of the bank's digital strategy for providing SMEs with the necessary tools for their international expansion through global trade finance services.