- Acquisition of ArcaPay completed following approval from the Bank of Lithuania
- Business to operate as Ebury Partners Lithuania, expanding Ebury’s global services for SMEs
- Strengthens Ebury’s position in the Baltics and supports international growth
- This acquisition grants ArcaPay's clients access to Ebury's full suite of products and services, providing new opportunities for their businesses to save and grow, along with the credibility of a global financial institution. At the same time, Ebury's clients will benefit from ArcaPay's deep knowledge and experience in Lithuania and other countries where it has been successful.
Ebury, the global fintech specialising in international payments and FX risk management, announces today that it has successfully completed the acquisition of ArcaPay, following regulatory approval from the Bank of Lithuania. The business will now operate as Ebury Partners Lithuania.
Founded in 2011 and headquartered in Vilnius, Lithuania, ArcaPay has grown steadily to serve over 1,000 SME clients across the Baltic States. The company has established itself as a trusted provider of international payment and currency risk management solutions, helping businesses expand and protect their operations abroad.
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The acquisition marks an important step in Ebury’s strategy to expand in the Baltics and deliver its mission to become the leading platform for B2B cross-border trade. It follows recent European expansion in Dublin and Stockholm and new country entries including South Africa, New Zealand, Chile and Mexico.
Through acquiring an established business like ArcaPay, Ebury gains an immediate foothold in the Baltics through a strong local sales team and client portfolio. This strategic move enhances Ebury’s efficiency, broadens its global reach and accelerates entry into key markets like the Baltics.
For ArcaPay’s clients, the acquisition brings access to Ebury’s full suite of international products and services, creating new opportunities to save, grow and compete on a global scale.
Marius Bausys, Founder of Arcapay, said: “This is a proud milestone for ArcaPay. Over more than a decade we’ve built lasting relationships with SMEs across the Baltics, helping them achieve their internationalgrowth objectives. Becoming Ebury Partners Lithuania means those clients will continue to get the same dedicated service they know, while also gaining access to Ebury’s global scale, products and outstanding talent. It’s an exciting new chapter for both our clients and our team.”
Kees Veerman, Managing Director of Ebury in Europe, UK, Switzerland, and Canada, added: “This acquisition is an exciting step for Ebury in Lithuania and across the Baltics. ArcaPay has built a fantastic business with a culture and approach that aligns strongly with Ebury’s, which makes this a natural partnership. It is a strategic expansion that brings together the strengths of both teams, combining ArcaPay’s local expertise with Ebury’s international reach to create even greater opportunities for clients.”
