Lithuanian Fintech Company “ArcaPay” Acquired by Ebury

Lithuanian Fintech Company “ArcaPay” Acquired by Ebury

arcapay Joins Fintech Giant Ebury, Expanding Horizons for Baltic Businesses

The Baltic fintech scene is buzzing with the news of ArcaPay, a leading Lithuanian financial services provider, joining forces with global powerhouse Ebury. This strategic acquisition, orchestrated by Ebury’s parent company, European banking giant Santander, promises a important boost for ArcaPay while unlocking a wider range of services for its customers.

As its inception in 2011,ArcaPay has been serving over 1,500 businesses across the baltic States and Finland. They’ve become a trusted partner, offering international payments, currency conversions, and risk management solutions, specifically tailored for small and medium-sized enterprises. ArcaPay founder Marius Bausys expressed his enthusiasm for this new chapter, stating, “We have attracted the attention of a world-class market player, which is a significant recognition for the entire team. together with Ebury, we will be able to continue growing, but also expand the service portfolio, offer new solutions and continue to promote competition in the financial services sector in the business segment.”

Headquartered in the UK, Ebury boasts a global presence, operating in 29 markets with over 40 branches. Their extensive service portfolio caters to global trading companies, encompassing international payments, business lending, fundraising solutions, and extensive currency risk management tools. Virginijus Kaušas, CEO of ArcaPay, highlighted the expanded opportunities this acquisition presents, saying, “Untill now, we have successfully expanded on our own, even though our product portfolio was limited. now, as part of ebury, we will be able to offer our clients a wider range of services, from fundraising and broader currency risk management to international trade finance solutions. We are gaining resources that we have until now not had access to, so we will be able to meet wider customer needs and strengthen our position in the market.”

this merger is generating buzz in the industry, with analysts viewing it as a win-win situation. Ebury gains a strategic foothold in new markets and leverages ArcaPay’s established local network. simultaneously, ArcaPay benefits from Ebury’s extensive resources and global expertise. This transaction is expected to solidify Lithuania’s position as a regional fintech hub and invigorate competition in the corporate banking sector.

Žygimantas Stankevičius, partner at TGS baltic law firm, who represented ArcaPay in the transaction, emphasized the meaning of the deal. “This transaction is extremely critically significant not only for ArcaPay, but also for the entire financial services market. Ebury is an active market participant that implements several strategic acquisition and progress projects controlled by the main shareholder – Santander bank. The entry of such a stable bank in Lithuania,even though indirectly,is an critically important assessment of the client’s developed business and shows confidence and trust in our market potential. We can be proud of this,” he stated.

As ArcaPay and Ebury move forward,their focus will be on developing a comprehensive integration plan. This will involve combining their strengths and expertise to create a premier financial solutions provider for businesses across the baltic region.

What are the potential benefits for ArcaPay customers as an inevitable result of the acquisition by Ebury?

Archyde news: In-depth Interview with ArcaPay’s ⁣Chief Executive Officer

ArcaPay Joins forces with Ebury: A New Era for Baltic Fintech

In a move that promises to reshape the Baltic fintech landscape, Lithuanian payments company ArcaPay has been acquired by Ebury, a global financial services provider owned by Spanish banking giant Santander. This strategic partnership positions ArcaPay for significant regional expansion and growth, offering its customers access to a wider range of financial services and resources.

We recently sat down with Dr. ellipse Gustav, CEO of ArcaPay, to discuss the implications of this landmark acquisition. “This acquisition marks a significant turning point for ArcaPay and the region,” Gustav stated. “Ebury’s global reach and expertise will provide us with unparalleled opportunities for growth and expansion. We’ll be better equipped to serve our customers, drive innovation, and attract talent from across the globe.”

Ebury’s established presence in Europe and Latin America opens up exciting new avenues for ArcaPay. “Our initial focus will be on expanding our services throughout the Baltics and other parts of central and Eastern Europe,” Gustav explained. “Concurrently, we’ll explore opportunities in Ebury’s established markets, such as Spain and Latin America, to broaden our customer base and introduce our unique fintech offerings,” he added.

This acquisition is expected to further strengthen ArcaPay’s reputation for delivering cutting-edge financial services. “Ebury shares our passion for innovation and customer-centricity,” Gustav noted. “This acquisition will provide us with access to Ebury’s extensive technological resources and expertise, enabling us to accelerate our product progress and enhance our services.” He went on to highlight the benefits of becoming part of the Santander group, stating, “Additionally, being part of the Santander group will give us insights into the latest trends and best practices from across the financial services industry.”

The acquisition promises exciting new services for ArcaPay’s customers. “We’re excited to integrate Ebury’s robust trade finance solutions into our platform, providing our customers with expanded services for international trade,” Gustav shared. “Moreover, we’ll explore potential synergies with Ebury’s digital banking and FX capabilities to create a thorough suite of financial services for both businesses and individuals,” he concluded.

Looking ahead, Dr. Gustav offered some insightful advice for aspiring fintech professionals: “Stay curious, keep learning, and always be passionate about solving real-world problems. Fintech is a dynamic sector, and continuous learning is essential to stay at the forefront. Networking is also crucial – attend industry events, engage in online forums, and don’t be afraid to reach out to professionals you admire. Lastly, remember that our industry is all about people – building strong relationships and fostering a culture of collaboration will take you far.”

The acquisition of ArcaPay by Ebury is a significant development in the Baltic fintech sector, signaling a wave of innovation and growth to come.

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What concrete financial services will ArcaPay be offering its customers following the integration with Ebury?

Archyde News Exclusive: An In-Depth Interview with ArcaPay’s CEO Virgilijus Kaušas

Archyde’s human news editor sat down with Virgilijus Kaušas, CEO of ArcaPay, to discuss the recent acquisition of his company by global fintech giant Ebury and the potential benefits it brings to ArcaPay’s customers.

Archyde: Virgilijus, congratulations on the acquisition of ArcaPay by Ebury. How do you see this partnership benefiting your customers?

Virgilijus Kaušas (VK): Thank you. This acquisition is a game-changer for ArcaPay and, more importantly, for our customers.Here are a few key benefits they can expect:

  1. Expanded Service Portfolio: Ebury’s extensive range of services will now be available to our customers in the Baltic region. This includes fundraising, trade finance solutions, and advanced currency risk management tools.Our customers will have access to a broader financial toolkit to support their growth.
  1. Improved Cross-Border Capabilities: Ebury operates in 29 markets worldwide. This global reach will enable our customers to explore new opportunities, expand into new markets, and manage foreign exchange risk more effectively.
  1. Enhanced Technology and Innovation: Ebury’s robust technological infrastructure and commitment to R&D will drive innovation at ArcaPay.Our customers can look forward to more sophisticated,user-amiable,and integrated solutions.
  1. Strengthened Market Position: Being part of the ebury group will solidify our position in the region, making us a more reliable and robust partner for our customers.

Archyde: How will ArcaPay integrate Ebury’s services into its existing offerings?

VK: We’re currently working on a comprehensive integration plan. Our priority is to ensure a seamless transition for our customers. initially, we’ll focus on introducing Ebury’s most relevant services, such as trade finance and advanced risk management tools. Over time, we’ll integrate Ebury’s entire suite of services into our platform, creating a one-stop-shop for all our customers’ financial needs.

Archyde: Are there any specific new features or services you’re excited to bring to your customers consequently of this acquisition?

VK: Yes, we’re excited about Ebury’s trade finance solutions, which will enable our customers to access financing tailored to their specific needs, from purchase orders to inventory financing.Additionally, ebury’s advanced currency risk management tools will help our customers make better-informed decisions about foreign exchange exposure and hedging strategies.

Archyde: How does this acquisition align with your strategic vision for ArcaPay?

VK: This acquisition is perfectly aligned with our vision for ArcaPay. Our goal has always been to provide the best possible financial services to support the growth of small and medium-sized enterprises in the Baltics. By joining forces with Ebury, we’re acquiring the resources, expertise, and global reach to achieve this vision more rapidly and on a larger scale.

Archyde: Thank you, Virgilijus, for sharing your insights. We look forward to seeing the exciting developments at ArcaPay under Ebury’s umbrella.

VK: Thank you. It’s an exciting time for ArcaPay and our customers. We can’t wait to share more about our integration plans and the new services we’ll be offering.

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