EBURY’S TRADE FINANCE ACHIEVES LENDING MILESTONE OF £2 MILLION

Flagship Partnership Programme launched to encourage market-leading SME lending

Ebury, the fast-growing fintech company that enables UK SMEs to trade and transact internationally, announced a record number of transactions on the Ebury lending platform and the launch of a new partnership programme.

Growth of Ebury’s Trade Finance has accelerated rapidly since its launch in May, having crossed the £2 million transaction milestone. In addition, the number of active clients is currently growing at more than 100% month on month. This growth highlights the real need from SMEs for access to reliable and competitive finance solutions.

Due to this increasing market demand, Ebury is also launching a new partnership programme, which will see the combination of lending and currency services offered to financial partners for the first time. This partnership offering will extend the use of Ebury’s market-leading international trade solution allowing a greater number of SMEs to fuel their business growth with a credit line of up to £1 million for up to 120 days.

Partners, including financial brokers, accountants and other financial professionals will have the chance to offer Ebury’s services to their SME clients through the programme and will not only benefit from Ebury standout products, but also from their personal service and attractive commission structures.

Two industry veterans, Shiv Halai and Amir Pournasrollahzadeh, will head this pioneering new programme. Both join Ebury with a wealth of experience in banking and finance. Shiv has spent the last 14 years in banking, most recently at Aldermore Bank where he was a regional sales manager in the Invoice Financing business. Amir has spent the last seven years at Bibby Financial Services, most recently as Business Development Manager.

Speaking about the launch of the programme, Shiv Halai commented: “This partnership program is one of the most exciting things in SME lending today and that’s why I have decided to be a part of it. This is a truly innovative offering and will allow even more SMEs access to Ebury’s market-leading solution.”

Roman Itskovich, VP of Financial Products, commented: “It is essential that SMEs are able to trade and transact as seamlessly as possible, allowing them to concentrate efforts on running their business knowing their financial requirements are taken care of. Our Trade Finance product meets these needs, as evidenced by our immense growth.

The market demand amongst SMEs has also enabled us to launch this exciting new partnership programme. Partners joining our programme are entering the market at a point of real momentum, which shows no signs of slowing, and this programme is unique in the market today.”