Ebury, the global financial technology company, announces that the Central Bank of Brazil has approved its acquisition of Bexs Group – including both Bexs Banco (foreign exchange) and Bexs Pay (payments). Now, both companies will work to advance the integration procedures and efforts to accelerate the launch of new products in the Brazilian market.
The acquisition will broaden Ebury’s offering of international money transfer solutions for SMEs and amplify its digital offerings to online businesses in Brazil, particularly marketplaces, investment applications, and software companies. Ebury will enable large-scale payments from abroad to Brazil by leveraging Bexs Group’s technology and aims to onboard 3,000 clients in the country by 2025.
Increasing its presence in Latin America is a key aspect of Ebury’s global growth strategy, with the company currently employing more than 1,700 employees across 38 global offices in 25 countries.
