The new partnership will mutually enhance both companies’ product offering and aims to make international trade easier for corporates as well as increasing access to cross border receivables finance to more market participants.

By integrating their payments systems, TrustBills and Ebury will be able to provide a better alternative to the EBICS approval process which can be slow. This will enable clients in Germany, Switzerland and Luxembourg to benefit from both companies best-in-class technology when it comes to payments and working capital.

Juan Lobato, Ebury’s co-founder and CEO, commented:
“TrustBills Receivables Exchange provides diversified sources of liquidity and continuous access to working capital at the lowest cost. As we focus on providing solutions for international trade, TrustBills is a very good fit. It provides additional liquidity to our clients and helps to free cash tied up in outstanding invoices.”

Joerg Hoerster, Founder and CEO of TrustBills, commented:
“Corporates around the globe can open multi-currency accounts with Ebury in no time. Foreign investors who plan to source trade finance risks through TrustBills Receivables Exchange will now find that processes will become much easier, faster and more efficient.”

About TrustBills

TrustBills efficiently connects best in class services to make companies in international trade more solvent and secure. It helps companies to finance and to pay for their national and international business transactions. On the TrustBills Receivables Exchange marketplace, companies can sell open B2B invoices to institutional investors in exchange for immediate liquidity. In cooperation with Lufthansa Industry Solutions, TrustBills will establish an IoT-based alternative to documentary letters of credit. The development of further business segments is underway.

TrustBills was founded in Hamburg in 2015. After a management buy-out in 2019 the FinTech is a 100% subsidiary of FinTech Studio GmbH.

www.trustbills.com

About Ebury

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 Singapore. Ebury investors include Banco Santander, 83North (investors in iZettle, Celonis, JustEat) and Vitruvian Partners (investors in Farfetch, Skyscanner, Darktrace, Marqeta).

www.ebury.com