ArcaPay, a Lithuanian specialist provider of B2B cross-border payment solutions, is to be acquired by Ebury, the global financial technology firm that empowers SMEs to trade and grow internationally. Ebury shared the announcement on their website. 

About ArcaPay

  • ArcaPay was founded in 2011 by Marius Bausys and is based in Vilnius, Lithuania. The company offers international payments, and currency risk management services tailored to small- and medium-sized businesses (SMEs).

  • ArcaPay UAB is authorised by the Bank of Lithuania as a Payment Institution under the Payment Services Regulations.

“We are thrilled to join Ebury, a world-class leader in cross-border payments, and bring its tailored offering to the Baltic and Finnish markets. Ebury will allow us to provide greater specialised support for SMEs and companies of all sizes in the region. With the support of Ebury, we are excited to help our clients thrive and succeed in the global economy,” says Marius Bausys, Founder of ArcaPay.

Acquisition details

ArcaPay is to be acquired by Ebury, providing the latter with a foothold in the Baltic and Finnish markets. The transaction follows Ebury`s opening of new European offices in Dublin and Stockholm, and further country expansion into South Africa, New Zealand, Chile and Mexico.

  • Ebury is a fintech company founded in London in 2009 by Spanish engineers Juan Lobato and Salvador García. The company specialised in international payments, collections, and foreign exchange services. It offers financial solutions aimed mainly at SMEs and midcaps. 

  • Ebury offers foreign exchange activity in over 130 currencies — for both major and emerging markets — as well as cash management strategies, trade finance, and foreign exchange risk management.

The acquisition of ArcaPay, which is still subject to regulatory approvals, will enable Ebury to expand in the Baltics, help existing clients grow in the region and further strengthen and complement its core capabilities in international payments.