Santander's Ebury Eyes Lumon Acquisition
Hey FinTech Fanatic!
Ebury could be preparing for its next acquisition.
According to reports, the Santander-backed FinTech is in talks to acquire UK foreign exchange specialist Lumon in a deal that could value the company at more than £100 million.
Earlier this year, Ebury raised around £550 million to support its next stage of growth. If the Lumon deal goes ahead, it would be one of the first clear signs of how the company plans to put that capital to work.
There's plenty more waiting below.
You'll find an insightful conversation with Checkout.com's Remo Giovanni Abbondandolo on how AI is reshaping digital commerce across MENA, along with our latest comparison of two of Europe's largest FinTech success stories: Revolut and N26.
See what else is shaping FinTech. 👇 See you tomorrow!
Cheers,
Marcel
#FINTECHREPORT
📊 Revolut 🆚 N26
Here is a comparison of 𝗞𝗲𝘆 𝗦𝘁𝗮𝘁𝘀 👇️
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Q&A
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M&A
🇬🇧 Santander’s Ebury eyes £100m Lumon takeover. Ebury is reportedly considering the acquisition of foreign exchange firm Lumon in a deal that could value the business at more than £100 million. Backed by Banco Santander, Ebury is pursuing acquisitions to accelerate its growth ahead of a potential IPO.
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