In a move set to transform the financial landscape of the United Arab Emirates (UAE), Ebury, a leading global financial solutions provider, has announced an exciting strategic partnership with 360tf, one of the foremost names in trade finance facilities within the UAE region.
This landmark collaboration marks a significant milestone in how clients of 360tf will engage with international trade solutions. It introduces a seamless and direct gateway to Ebury’s cutting-edge FX risk management solutions through 360tf’s online platform. Beyond that, this partnership also aligns with Ebury’s overarching mission to empower global businesses by providing them with the essential tools for seamless international transactions. Additionally, it reinforces Ebury’s footprint and influence within the dynamic UAE region.
Ebury initiated its operations in the UAE in 2018, swiftly establishing itself as a trusted partner for businesses of all sizes. Their offerings have included access to sophisticated FX risk management solutions, competitive FX rates, and the facilitation of local currency accounts overseas.
As the global financial landscape continues to evolve at a rapid pace, organizations operating on an international scale are increasingly seeking efficient, integrated solutions to navigate the intricate realm of international trade. By capitalizing on Ebury’s extensive expertise in international trade, clients of 360tf now have the means to more effectively mitigate currency risk and tap into flexible credit lines spanning multiple currencies, thereby expanding their global operations with confidence.
This strategic alliance between Ebury and 360tf is set to revolutionize financial services for businesses operating within the UAE, streamlining access to essential tools and expertise needed to thrive in today’s global marketplace.
Commenting on the significance of this strategic alliance, CA Pankaj Mundra, 360tf Co-Founder Chairman says, “We’re excited to announce the news of our partnership with Ebury, a collaboration of significant importance given that foreign exchange (FX) plays a pivotal role in our trade operations. It is also worth noting that FX has become a critical component in cross-border trade due to the realignment of supply chains to other markets post-COVID. The UAE-Africa corridor holds immense strategic value, witnessing robust export and import activities. For over a decade, the 360tf group of companies has dedicated their efforts to supporting East Africa and West Africa. This extensive experience has underscored the critical need for reliable FX solutions, especially for businesses operating in emerging markets. With the introduction of these FX solutions, we have every confidence that our valued customers engaged in trade with Africa and those involved in importing to Europe will reap substantial benefits. They’ll be well-prepared and well-protected, laying the groundwork for even more significant growth and success in the future.”
Ebury Managing Director Middle East and Africa, Tom Davies, states, “Collaborating with 360tf enables their clients to experience a more unified international trade journey to thrive in a dynamic world. Now, these clients can utilise our high-impact FX risk management services via their online portal. Ebury prides itself on enhancing user experience and obliterating obstacles in international trade, and this synergy echoes these very principles.”
As 360tf and Ebury cater to the same client base, including importers and exporters, this partnership will enable synergies between both companies and offer their clients more streamlined financial services.
Ebury has serviced 49,000+ clients worldwide since its inception in 2009, whilst 360tf’s 1500+ active and rapidly growing client base rely on its innovative trade finance solutions to seize new global opportunities. The collaboration will help clients access 100+ financial institutions for trade finance facilities and 130+ currencies for foreign exchange.
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