SME business lender ScotPac has partnered with Ebury, a global financial services firm to expedite and simplify global trading for businesses.
Under the new partnership, the clients of both businesses will be provided access to ScotPac’s working capital solutions and Ebury’s global expertise in foreign exchange and cross-border payments.
The technology-driven platforms of ScotPac and Ebury aim to simplify global business dealings for enterprises of all sizes and locations, so that transactions with international customers are as straightforward as those with local trade partners.
Key benefits of the collaboration, according to a news release, include:
- Expert insights and capabilities. Businesses will gain easy access to a broader range of expertise and trusted insights for navigating through the complexities of international trade.
- Simplified transactions. The partnership will enable streamlined transactions, allowing businesses to manage both trade finance and currency exchange needs, reducing administration time and enhancing overall operational efficiency.
- Improved cashflow management. Integrated solutions provided by ScotPac and Ebury can contribute to smoother cashflow management, offering options that align with payment times and trade cycles and help mitigate foreign exchange risks.
Jon Sutton (pictured above), CEO of ScotPac, said the partnership provides a comprehensive, holistic, and tech-enabled solution for trade finance clients, especially as SME demand for global trade support continues to surge.
“For SMEs looking to expand globally, reliable, and experienced foreign exchange and payment insights is critical,” Sutton said.
“When combined with our flexible trade finance products, Ebury’s services will help our clients enter new markets, establish international operations, and conduct business on a global scale. It will also give them back precious time to focus on growing their businesses.”
Rick Roache, managing director for APAC at Ebury, said the partnership will broaden the array of options available for Ebury’s customers.
“Both Ebury and ScotPac boast a rare combination of industry-leading products, cutting-edge technology and best-in-market service,” Roache said.
“As a customer-solutions focused business, we wanted a partner that could provide an
enhanced offering for our customers. With its 35-year record of supporting SMEs, and the scale and breadth of its complementary lending products, our partnership with ScotPac will ensure our customers are the real winners.”
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