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LoopingOne secures €800.000 strategic investment from Ebury and forms partnership between companies

( 3 min )

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8 June 2022

Written by
Jenny Duni

  • Ebury takes a stake in LoopingOne to accelerate the build of the platform and the EMI application process
  • Both companies will form a partnership to benefit from joint resources and expertise

LoopingOne, the most flexible KYC and Payments platform for Marketplaces and Platforms, has closed its first seed round from Ebury, one of the world’s largest fintech companies offering financial solutions to simplify international trade.

The investment aims to further develop the LoopingOne product and start the Electronic Money Instistitution (EMI) application process at the Dutch Central Bank (DNB). An integration with Ebury will also give LoopingOne the capability to offer multi currency services to its marketplace customers from the get go.

Furthermore the two companies established a partnership to build on each other’s resources and know-how to shape products and accelerate commercial activities.

“Ebury has offices in 20 countries around the world offering cash management and foreign currency solutions to companies trading internationally. It’s the ideal partner for LoopingOne that shares the same global ambitions”, says Freek Dix, co-founder of LoopingOne. “Traditionally Ebury has had a strong foothold with SMEs importing and exporting around the world. The LoopingOne team and product can help expand the Ebury business further into the e-commerce sector.”

“Our strategy has been to focus more on e-commerce businesses around the globe. The B2B flows now, and even more so in the future, will be trough online marketplaces. Therefore having LoopingOne as our partner is a key strategic move for us. This is a triple-digit growth market!” says Fernando Pierri (CCO, Ebury).

LoopingOne was founded last year by Bob Voermans, Mark van der Sluis and Freek Dix all of whom are industry veterans, having collected years of experience at fintechs and e-commerce companies such as Ingenico, PayU and G2A. Prior to LoopingOne they built a team of payments specialists that help merchants around the world improve their payment strategies. In doing so they came face to face with the challenges that marketplaces encounter in regards to regulation, KYC and merchant lock-in.

Co-founder Bob Voermans: “LoopingOne helps Marketplaces be independent from payment partners in their day to day operation by allowing them to choose various KYC and payment partners that suit their individual needs at any given time.”

The team at LoopingOne and Ebury will attend the Money20/20 conference in Amsterdam on 7 – 9 June 2022 where they will meet partners, clients and future investors.

Media Enquiries

LoopingOne: [email protected]
Ebury: [email protected]

About LoopingOne

LoopingOne is the ideal solution for marketplaces that want the freedom to connect with their preferred payment and KYC solutions via a single platform, making it the most flexible payments platform for marketplaces.
The platform offers a unified solution for ID verification (KYC) of buyers and sellers, organises split payments & payouts to merchants and consumers and allows for full compliance with PSD2/ EMI regulations. The intelligent routing platform connects with preferred payment providers which optimises for redundancy, reconciliation and conversion.
Collectively the LoopingOne team, made up of 15 employees has a combined total of 80+ years experience in fintech. They live and breathe payments.

About Ebury

Ebury is a leading fintech company specialised in international cash management, working capital and foreign exchange services. It offers financial solutions aimed at both SMEs and institutional clients. With 1,400 staff in offices located in over 20 countries accross the globe, Ebury helps companies to grow their international trade in developed and emerging markets.
Ebury’s growth was boosted in 2020 when Banco Santander became a major shareholder, supporting the company with strategic resources and synergy across their joint markets. Ebury’s investment in LoopingOne follows last month’s announcement to acquire Brazilian fintech Bexs, broadening the company’s offering in Brazil, particularly to businesses that sell their products online on marketplaces.