The new office is intended to support rising demand for international currency payments and collections, foreign exchange risk management and import finance solutions from Canadian businesses. It will be led by Matthew Acton-Davis, who has been named country manager.
According to Ebury, the firm is now planning to scale its business globally, through a rapid expansion across the US and Canada in 2018.
The London-based company currently employs 600 staff in 10 countries in Europe, and has plans to make this 1000, globally, before the end of May 2018.
Acton-Davis said: “Ebury's value proposition of providing service levels that are normally reserved for only the largest corporates, has shown huge value thus far and I believe that we can help a vast number of companies in Canada to grow internationally, with a suitable product suite coupled with an appetite to give businesses terms that suit their needs.”
Juan Lobato, CEO and co-founder of Ebury, commented: “Having Matthew Acton-Davis with his experience at Ebury to assist our clients and grow the team is fundamental to the success of Ebury in helping companies achieve or exceed their international trading goals.”
He added: “This is all part of the continued successful expansion at Ebury, where we already have offices in London, Madrid, Malaga, Amsterdam, Warsaw, Paris and Zurich. These offices have been boosted by key hires from the banking and payments industry as Ebury continue to source the best talent in the space and develop internally.”