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Ebury expands its footprint to Chile

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16 November 2023

Written by
Marta Alvarez

Santiago, 13 November 2023 – Ebury, a leading global fintech with 40 offices spanning 25 countries, announces its strategic move of expanding its operations into Chile.

ommenting on this global expansion, Duarte Líbano Monteiro, Head of LATAM (excluding Brazil) and Regional Director for Southern Europe at Ebury, says,

“Our global expansion strategy to Chile reflects our long-standing commitment to strengthen our presence across Latin America. The economic characteristics of Chile, such as an open economy, a global business sector and an expanding market, played a pivotal role when deciding our move to progressively introduce our offerings in the Latin American market.”

“Ebury was born in 2009 to support small and medium-sized companies affected by the crisis but underserved by traditional banks,” said Duarte Líbano Monteiro.

“Since its inception, Ebury has grown at a phenomenal pace. Our list of investors includes prominent names such as Banco Santander, Vitruvian, AngelCoFund and 83North. We feel proud about our achievements until now and are excited to further accelerate our growth in 2024 with clear goals and a strategic roadmap,” he said.

Alfonso Molinare, Country Manager of Chile, said that Ebury empowers SMEs, importers and exporters with simplified, secure and transparent financial solutions to expand beyond borders.
“We are targeting these companies because they have traditionally experienced more difficulties in accessing banking services,” emphasised Alfonso Molinare.

He also points out that Ebury aims to support its clients by delivering agile, competitive solutions and specialised know-how. He also highlights their extensive currency capabilities in 130+ currencies worldwide allows companies to seamlessly unlock opportunities in new markets.

Molinare underlines the company’s competitive edge and unique strengths compared to local fintechs and banks.“We are a digital-born company with almost 15 years of history and a proven success model and impressive growth trajectory in Europe, Asia, Oceania, and North America, and now proliferating in Latin America.”

The opening in Chile coincides with the launch of Ebury Bank in Brazil and its imminent plans to expand in Mexico.

About us:

Ebury is a global financial services firm that empowers businesses of all sizes to trade and grow internationally with ease by removing global barriers. It provides unified solutions such as international payments and collections, FX in 130+ currencies, cash management, business lending, risk management and API integrations.

Founded by Juan Lobato and Salvador García in 2009, the company is one of the fastest-growing global fintech companies, with 1,700+ employees now operating from 38 offices across 25 countries. Backed by top-tier investors and regulated by the Financial Conduct Authority in the UK, Ebury transacted over £27 billion annually in FY22.

Media enquiries:

Temple Bar Advisory
Alex Child Villiers / William Barker / Sam Livingstone
[email protected]
07827 960151 / 07827 960151/ 07769 655437