London-based online business finance startup, Ebury, secured $83m in Private Equity financing from Vitruvian Partners. Eburrt helps SME, by offering bespoke financing solutions usually reserved for big multinationals. The latest funding round will go towards European expansion and a launch into the US market, slated for next year. .
Ebury, a London-based online business finance startup, on Wednesday bagged a huge $83 million (£54.5 million) of investment. The 6-year-old startup has raised the sum from private equity group Vitruvian Partners, which has backed startups like Just Eat and Farfetch, and existing investors 83North. Ebury has raised over $110 million (£72.2 million) in total since it was founded in 2009. Ebury is one of a number of financial technology, or fintech, businesses that have sprung up across the UK since the 2008 financial crash. The company helps small and medium-sized businesses to operate abroad, by offering bespoke financing solutions usually reserved for big multinationals.