Cobase and Ebury partner on FX services
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1 December 2020
Leading European fintechs Cobase and Ebury today announce a partnership which opens up Ebury’s FX services to the Cobase multi-banking platform.
The partnership follows the launch of Cobase’s new Liquidity Forecasting and FX Exposure Management modules, which enable corporate treasuries to optimize cash positions or automatically hedge their FX risk on a continuous basis.
Adding Ebury’s services to Cobase’s platform will give clients broader access to more cost-effective FX services, and Cobase users will be able to receive competitive FX quotes from Ebury and book FX trades without the need to access any other system.
Users will also be able to receive real-time status of transactions and reporting to automate the reconciliation process within Cobase, all seamlessly integrated with other Cobase Cash Management and Treasury Management modules.
The partnership between Cobase and Ebury reflects a growing European ecosystem where fintechs are combining to offer international businesses a smoother banking experience.
Juan Lobato, Ebury’s co-founder and CEO, commented: “We believe that companies of all sizes will increasingly use aggregated platforms, such as Cobase, to access financial services and manage their treasury functions. Connecting Ebury’s competitive FX services with Cobase will make it easier for companies to access more automated FX services without any additional integrations.”
Joost Kevelam, Head of Financial Markets & Risk Solutions at Cobase: “Our aim is to make multi banking simple. By adding Ebury as a FX liquidity provider to our FX Exposure Management module, we offer our corporate clients more options to optimize their cross-border operations.”
About Cobase:
Cobase is a fintech company from Amsterdam. The Cobase platform makes it more efficient for the corporate market to work with multiple banks and numerous bank accounts. The platform arranges direct connections with banks, uses Open Banking APIs or existing networks like SWIFT to route payments and account information.
Besides bank connectivity, key features include a central Payment Hub and various Cash Management and Treasury Management modules. Cobase is licensed as a PSD2 payment service provider and is supervised by the Dutch Central Bank.
About us:
Ebury enables cross-border transactions for companies, institutions, and banks and their clients that want to trade internationally. Established in London in 2009, Ebury is one of the UK and Europe’s largest and best funded fintech companies. Juan Lobato, a serial entrepreneur, and Salvador García, an expert in Financial Services, created Ebury to make it easier for businesses to grow internationally.
Over the years Ebury has become the biggest fintech global transaction platform to help businesses trade internationally. Businesses with Ebury can get access to a global platform that allows them to make cross-border payments, receive international collections, manage currency risk and get access to financing.
Ebury currently employs circa 1,100 staff across 25 offices in 20 countries and is serving over 49,000 businesses internationally. What started in the UK is now a global company with offices in several European countries, the Middle East, Hong Kong, Australia, Canada and the US. Ebury investors include Banco Santander, 83North (investors in iZettle, Celonis, JustEat) and Vitruvian Partners (investors in Farfetch, Skyscanner, Darktrace, Marqeta).
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