EBURY, a global financial technology company that strengthens small and medium -sized enterprises to deal with and develop internationally, announced the signing of the Arcapay acquisition agreement, a specialized Lithuania -based B2B company.

The acquisition of Arcapay, which is under the approval of regulatory authorities, will allow EBURY to expand to the Baltic countries, to support its existing customers to grow in the region and to further enhance its basic services in international payments. The transaction follows the opening of Ebury’s new offices in Dublin and Stockholm, as well as further expansion to South Africa, New Zealand, Chile and Mexico.

Based in Vilnius, Lithuania, Arcapay offers international exchange and foreign risk management services tailored to the needs of small and medium -sized enterprises (SMEs). Founded in 2011, the company serves about 1,500 customers, covering the ever -increasing demand for Smes in Baltic and Finland markets.

Ebury has published its results for the financial year that ended on April 30, 2024 (financial year 23/24) and continues to be strong in the first half of 24/25.

As stated in a related announcement, the group’s revenue for the period ended on April 30 2024 increased by 8% to 220.6 million pounds (house 22/23: 203.7 million), with annual growth (CAGR) 42 % from the year 21/22. EBITDA increased to 9 million pounds, with margins rising to 4%, a result of operational and operational improvements.

Ebury has increased a significant increase in customers in the year 23/24, with the acquisition of new ones and the maintenance of existing customers, as the company continued to build a unique platform that responds to the evolving needs of the Smes. This development resulted in more than 16,700 customers dealing with EBURY for the year ending April 30, 2024 (24% increase compared to the house 22/23).

Ebury continued its strong dynamic in the first half of the house of 24/25, with the increase in revenue exceeding 20% ​​and EBITDA’s margins exceeding 10%. This success is based on the strong performance of the house of 23/24, led by EBURY’s continued focus on customers, growth in existing markets and strategic expansion in new countries.

As announced earlier, during this time, Ebury appointed Bruce Carnegie-Brown as a president to support further development.

Juan Lobato, founder and chief executive of Ebury, said: “I am glad to welcome Marius and Arcapay’s team to the Ebury family. We were impressed by their rapid growth, covering the growing local demand of Smes that want to deal with and grow internationally. The addition of Arcapay will allow us to implement our strategic priorities for targeted acquisitions, to more effectively serve our existing customers and to expand to new attractive markets. I look forward to what we can achieve together. The financial results we announce, with strong revenue and profitable growth and with annual revenue growth (CAGR) 42% from the year 21/22, prove Ebury’s dynamics at the beginning of 2025. SMEs operating internationally, we are fitted to take advantage of increasing opportunities in the market for international payments. I am excited about our next phase of development and I want to thank the talented and dedicated ebury colleagues around the world for their steady support. “

Marius Bausys, founder of Arcapay, commented: “We are thrilled to join Ebury, a world leader in international payments, and will offer his personalized services in the Baltic and Finland markets. Ebury will allow us to provide greater specialized support for Smes and businesses of all sizes in the area. With the support of Ebury, we look forward to helping our customers prosper and succeed in the world economy. “