Ebury Raises £550m Led by Centerbridge, Santander Retains 55% Stake
Fintech platform Ebury has secured a £550 million funding package led by Centerbridge Partners, with Santander contributing £50 million and retaining a 55% majority stake. The funds will support product development, geographic expansion and AI-driven enhancements after Ebury’s revenues grew over 30% annually since 2020.
1. Funding Package and Stake Distribution
Ebury has closed two funding transactions totaling £550 million led by Centerbridge Partners, with Santander investing £50 million to maintain a 55% controlling stake. Existing backers Vitruvian Partners and 83North also participated, pending regulatory approval.
2. Ebury’s Operational Footprint and Growth
Operating in 30 regulated markets, Ebury serves over 27,000 businesses with payment capabilities in 140 currencies across 160 countries. Since Santander’s initial investment in 2020, Ebury’s revenues have grown by more than 30% per annum.
3. Allocation of Proceeds and AI Strategy
The financing includes primary capital to fuel product development and geographic expansion, alongside secondary proceeds for shareholders. Ebury plans to scale AI-driven workflows to optimize payment processing, foreign exchange risk management and customer experience.
4. Impact on Santander’s Strategic Targets
Santander’s 2026–28 plan remains unchanged, targeting mid-single-digit revenue growth, over €20 billion in profit, and ROTE above 20%. The Payments Solutions division, which houses Ebury, aims for over 15% annual revenue growth and a 45% EBITDA margin by 2028.