Ebury to acquire Frontierpay.

Ebury, a fintech company based in London, has agreed to acquire Frontierpay, an international payroll payments provider. Financial terms were not disclosed. The acquisition forms part of Ebury’s broader strategy to invest in technologies that will help accelerate the automation of international payment processes, specifically targeting those within finance and treasury functions of mid-market corporates. “This is a significant milestone for our business and we are delighted to be joining a like-minded minded company with strong cultural alignment. Access to Ebury’s platform and services will allow our already-strong growth rate to accelerate and give our existing clients the benefit of its unique cross-border transaction services, wider geographical coverage, and a large dedicated technology team to drive our product development,” Owain Walters, Frontierpay CEO.