Following reasonable revenue growth during the 2024 financial year, multinational fintech Ebury has moved to bolster its European standing via an acquisition.
The company announced this week that it had secured terms to buy ArcaPay, a Lithuanian company specialising in international payments and currency risk management, targeting SMEs.
Ebury appears to have identified an investment opportunity in the Baltic and Finnish markets, where ArcaPay has a substantial presence. The takeover is the latest in a series of notable acquisitions in the finance space announced in the early weeks of 2025.
“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,” said Marius Bausys, Founder of ArcaPay.
“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.”
Ebury’s takeover of ArcaPay is still subject to regulatory conditions, but the company expects the move to help it expand in the Baltics, assist its existing clients in the region and add to its own international payments capabilities.
The transaction follows a series of other major international payments acquisitions in late 2024 and early 2025.
December saw Visa finalise its takeover of Featurespace and Mastercard close its acquisition of Recorded Future, while so far 2025 has seen TransUnion buy Monevo and Intelligent Lending acquire TotallyMoney.
Pursuing its own growth ambitions, Ebury is looking to build on a strong performance in FY23/24, with its revenue for the financial year ending 30 April 2024 rising 8% to £220.6m from £220.6m in April 2023.
The firm attributed this growth to increases in customers, enabled by the acquisition of new clients, and its development of a unique platform to meet SME demands. It also appointed a new Chair, Bruce Carnegie-Brown, during this period.
Commenting on the takeover of ArcaPay, Juan Lobato, Founder and CEO of Ebury, said: “I am pleased to welcome Marius and the ArcaPay team to the Ebury family. We have been impressed by their fast growth, addressing the increasing local demand of SMEs seeking to trade and grow internationally.
“The addition of ArcaPay will allow us to deliver to our strategic priorities of leveraging targeted acquisitions, serving our existing clients more successfully and expanding into new attractive markets. I look forward to what we can achieve together.”
