SME Services
The Irish team will focus on providing services to SMEs, filling an important gap in the market. Although 99.8 percent of all businesses in Ireland are part of the SME sector, these companies are no longer served by traditional banks in the country. They often face challenges such as limited access to facilities for FX risk management. Additionally, they experience a clear lack of options when choosing a provider to support international business activities.
Tailored Solutions
By expanding into Ireland, Ebury enables companies to address these issues with innovative tailored solutions. This includes services in payments, collections, risk management, and unsecured financing.
The office will also support the growth of Ebury Institutional Solutions. This is a specialized offering that allows direct access to capital and global payments. It minimizes currency risks with tailored hedging strategies. This increases investment returns and ensures lower costs and more efficient operations in international markets.
Global Expansion
Global expansion plays a crucial role in Ebury's strategic growth. By combining advanced technology with practical expertise in local markets, international trade is made easier for companies of all sizes.
Phil Monkhouse, Country Manager UK & Ireland, explains: "Ireland is an integral part of many trade networks, especially given the strong trading relationships between the UK, the EU, and the US. We are excited to strengthen our capabilities here with a stronger local presence. Our growing strategic focus on serving SMEs in Ireland ensures that we fill the existing gaps in service provision in the market and provide them with the tools they need to grow internationally. I look forward to the new opportunities this office offers to enhance our tailored services, increase our clients' success, and attract new talent in the dynamic Irish market."
