Ebury, the leading fintech company specializing in international payments and currency risk management, has successfully completed the acquisition of ArcaPay after obtaining approval from the Bank of LithuaniaThe company resulting from the merger will operate under the name of Ebury Partners Lithuania.
Founded in 2011 and headquartered in Vilnius, ArcaPay has positioned itself as a key player in the sector of cross-border payment solutions, foreign exchange and currency risk management for small and medium enterprises (SMEs)Throughout its history, it has served more than 1.000 clients in the Baltic countries, recording constant growth.
This transaction marks a significant step in Ebury's expansion strategy, which seeks to consolidate itself as the world's leading platform for cross-border trade. B2B.
The arrival in the Baltic region follows recent openings in other strategic cities such as Dublin and Stockholm, as well as in countries on other continents such as South Africa, New Zealand, Chile and Mexico.
The integration of an already established business like ArcaPay allows Ebury consolidate its presence in the Baltic countries immediately, incorporating an experienced local sales team with a solid client base. This strategic move not only improves Ebury's operational efficiency but also expands its global reach and facilitates entry into key markets.
For ArcaPay customers, this acquisition means expanded access to Ebury's full range of international products and services. This will provide them with New opportunities to optimize costs, boost growth and improve global competitiveness.
Marius Bausys, founder of ArcaPay, underlined the importance of this milestone: “This is a significant milestone for ArcaPay. For over a decade, we have built lasting relationships with SMEs in the Baltic countries, helping them achieve their international growth goals. Becoming Ebury Partners Lithuania This means that these customers will continue to receive the same specialized service they are accustomed to, while also having access to Ebury's full suite of solutions and products, and all of its talent. A new and exciting chapter is beginning for both our customers and our team.”
For its part, Kees Veerman, managing director of Ebury in Europe, the United Kingdom, Switzerland and Canada, highlighted the strategic fit of the operation: “This acquisition is a major step for Ebury in Lithuania and the Baltic countries. ArcaPay has built a fantastic business with a culture and approach that align strongly with Ebury’s, making this partnership a natural fit. It’s a strategic expansion that brings together the strengths of both teams, combining ArcaPay’s local expertise with Ebury’s international reach to create even greater opportunities for customers.”
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