Santander-backed PagoNxt to acquire Ebury.

Santander-backed PagoNxt, a technology-focused global payment fintech, agreed to acquire Ebury, a developer of a financial platform intended to support cross-border payments, risk management, and funding. Financial terms were not disclosed. “We are delighted to be partnering with Santander to improve services for businesses in Germany who want to trade internationally. Combining forces will allow clients to benefit from Ebury’s agility as a fintech and its specialist international transaction services alongside Santander’s significant lending capabilities. Together, we expect this to be the start of a deep and enduring partnership and we are already looking at additional ways of supporting SMEs in Germany and delivering a superior customer experience via this partnership," Nils Hennemann, Ebury Country Manager Germany.