{"id":300583,"date":"2021-10-18T13:19:55","date_gmt":"2021-10-18T16:19:55","guid":{"rendered":"https:\/\/anba.com.br\/?p=300583"},"modified":"2021-10-20T15:55:47","modified_gmt":"2021-10-20T18:55:47","slug":"fintech-focuses-on-fx-management-for-smes","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/fintech-focuses-on-fx-management-for-smes\/","title":{"rendered":"Fintech focuses on FX management for SMEs"},"content":{"rendered":"

S\u00e3o Paulo \u2013 Fintech Ebury<\/a> specializes in international payments, invoices and foreign exchange management for companies, and it started operating with a team in Brazil five months ago. The company stands as an alternative to banks for this kind of operation. \u201cEbury is regulated in different ways in different countries. In Brazil, we are foreign exchange correspondents,\u201d Renato S\u00e1 of the brand\u2019s Partnerships sector in Brazil said.<\/p>\n

The European fintech was founded by two Spaniards based in the UK. \u201cFrom their need [to make international payments], they realized there was an opportunity to provide quality service and expertise to small- and medium-sized enterprises,\u201d explained Claudia Bortoletto, country manager for Brazil.<\/p>\n

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Claudia Bortoletto, country manager for Brazil, the first country in Latin America where Ebury is operating<\/em><\/figcaption><\/figure>\n

Ebury has also launched its services in Asia and the Middle East, including Dubai, United Arab Emirates. \u201cIt was easy to expand into countries with a similar law to UK’s. And in the end of 2019, the investment of Santander Group in Ebury was completed. This led the company to begin its Latin America project, starting with Brazil,\u201d the manager said.<\/p>\n

The platform allows exporters to control operations directly, but Bortoletto reminds they can be supported by the Brazilian team. \u201cWe are starting to offer international accounts for Brazilian exporters. We have a very high-end platform where clients can contract operations; it already operates in all countries and is being adapted for Brazil. Due to the nuances of Brazilian market, it is not just an international payment; it is a foreign exchange operation, so documentation is required, and the platform is adapting to these changes. But for exporters, we can already offer this international account,\u201d she pointed out.<\/p>\n

Besides dollar, euro and pounds, the company’s international account also provides for payments in the currencies of 16 Arab countries, namely UAE, Bahrain, Djibouti, Egypt, Jordan, Comoro Islands, Kuwait, Lebanon, Libya, Morocco, Mauritania, Oman, Qatar, Saudi Arabia, Tunisia, and Yemen. As for receiving invoices, the company also operates in the currencies of the UAE, Bahrain, Jordan, Kuwait, Oman, Qatar, and Saudi Arabia.<\/p>\n

The account is a valuable tool for e-commerces to pay in their own country\u2019s currency. Bortoletto adds it’s convenient for exporters who have many distributors and local obligations in the same region and can make transactions directly in local currency.<\/p>\n

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Ebury founders Juan Lobato and Salvador Garc\u00eda<\/em><\/figcaption><\/figure>\n

The company\u2019s services allow the user to receive payments from clients abroad and be guided on customized FX risk management strategies support and fund transfers between subsidiary companies. Ebury carries out spot exchange transactions, hedge products (protection against exchange fluctuation), credit for foreign trade (\u201ctrade finance\u201d), multicurrency accounts, international bulk payments, and APIs to provide foreign exchange solutions.<\/p>\n

For exporters, foreign exchange protection products, or hedges, range from non-deliverable forward (NDF) to future exchange and window forward. \u201cSome products offer greater flexibility regarding the duration and volume to be used, as in the case of NDF and window forward, while others, such as future exchange, are more suitable when there is a predictability for the amount and duration of financial commitments in foreign currency,\u201d said Renato S\u00e1.<\/strong><\/p>\n

Translated by El\u00fasio Brasileiro<\/strong><\/p>\n

Ebury\/Divulga\u00e7\u00e3o<\/div>\n","protected":false},"excerpt":{"rendered":"

Ebury started operating with a team in Brazil five months ago, and it works with specialty solutions for small- and medium-sized enterprises. Its operations include invoices from foreign clients and customized foreign exchange rate risk management strategies.<\/p>\n","protected":false},"author":2324,"featured_media":300532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[24682,27115,24683,2637,24684,24679,5629,9561,15154,24680,24685,24681,33904,13458,5871],"class_list":{"0":"post-300583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-brazilian-real","9":"tag-cambio-en","10":"tag-dirham-en","11":"tag-dollar","12":"tag-ebury-en","13":"tag-ebury-brazil","14":"tag-exchange","15":"tag-exports-en","16":"tag-fintech","17":"tag-foreign-exchange-management","18":"tag-hedge-en","19":"tag-medium-companies","20":"tag-pequenas-empresas-en","21":"tag-real-en","22":"tag-small-companies"},"wps_subtitle":"Ebury started operating with a team in Brazil five months ago, and it works with specialty solutions for small- and medium-sized enterprises. Its operations include invoices from foreign clients and customized foreign exchange rate risk management strategies.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/300583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2324"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=300583"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/300583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/300532"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=300583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=300583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=300583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}