Nexi, an Italy-based paytech, announced on Tuesday it has formed a new partnership with UK fintech Ebury. Through the partnership, Ebury will join Nexi Open and Nexi’s partner banks will be able to offer their clients the full suite of Ebury services, which includes international cash management, FX risk management and import/export lending.
Nexi further revealed that Ebury’s services will be offered to businesses through a technology platform and integrating within the bank’s digital infrastructure, enabling efficient access to the services and strengthening the relationship between the bank and its clients. Renato Martini, Head of Digital Banking Solutions at Nexi, spoke about the partnership by stating:
“The collaboration with Ebury allows us to support Italian banks that want to expand their global transaction services to SME and Corporate clients, who are increasingly looking to compete cross-border. Our bank partners will be able to offer relevant services for Italian SMEs that are importing and exporting and strengthen the relationship with their clients by seamlessly integrating Ebury’s services into their digital offering for businesses.”
Mauro Miotto, Global Head of Partnerships at Ebury, added:
“Ebury’s mission is to help SMEs grow in the global market and by partnering with other financial institutions we believe we can offer the best of both the Bank and the Fintech propositions, and to increase the support to businesses.”
Founded in 2017, Nexi is on a mission to change the way people and companies pay and collect every day.
“We will make all payments digital, to make them easier, faster and safer.”