Ebury has raised $83m growth funding from Vitruvian. Ebury targets SME's requiring financial solutions when operating on an international basis. It is the latest success for London's fast growing fintech ecosystem. Juan Lobato and the Ebury team have a strong financial backer who will allow them to expand aggressively.
Ebury, a London-based online business finance startup, on Wednesday bagged a huge $83 million (£54.5 million) of investment. The 6-year-old startup has raised the sum from private equity group Vitruvian Partners, which has backed startups like Just Eat and Farfetch, and existing investors 83North. Ebury has raised over $110 million (£72.2 million) in total since it was founded in 2009. Ebury is one of a number of financial technology, or fintech, businesses that have sprung up across the UK since the 2008 financial crash.