The deal allows FIBA members to support businesses with effective lending, risk management and cash management solutions
Global financial services firm Ebury has partnered with the Financial Intermediary and Broker Association (FIBA) to leverage its services and expertise in business lending, international payments, and cash management solutions for FIBA members to enhance their client proposition.
Ebury said brokers would now be able to provide cash flow to companies so that they could mitigate supply chain issues and navigate busy stocking periods throughout the year, which would have previously been challenging.
The firm said it would also support brokers’ clients with a dedicated relationship manager, a global footprint spanning 32 offices worldwide and a 24/7 online platform to simplify transactions.
Ebury’s services offer intermediaries access to the following business solutions:
- Unsecured trade finance revolving credit facility of between £50,000 and £3 million with no set up or maintenance costs
- International payments in over 130 currencies and hedging tools to mitigate volatility in foreign markets, with the ability to lock in pricing up to five years
- Global payment and collection accounts allowing companies to receive funds domestically, avoiding high wire costs and automatic conversion all in one online portal
“We are delighted to be working with FIBA and supporting their members with our market-leading capabilities,” Kevin Copping (pictured), senior head of desk partnerships at Ebury, commented. “At a time of market volatility and with stresses across global supply chains persisting, the ability to provide businesses with efficient FX risk management and lending solutions is increasingly important.
“Ebury specialises in simplifying international trade, and so we are ideally placed to work with FIBA members and their clients to achieve positive outcomes.”
“Enabling our members to fulfil their client needs is central to our purpose,” Martin Reynolds, executive chairman at the Financial Intermediary and Broker Association, added. “We are excited to partner with specialists like Ebury to ensure brokers and intermediaries can continue to provide outstanding service to SMEs in the UK.”
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