Global financial services firm, Ebury, has announced a new partnership with the Financial Intermediary & Broker Association (FIBA).
This collaboration will allow FIBA members to better support businesses with effective lending, risk management, and cash management solutions through Professional Partner.
Ebury’s services will offer intermediaries access to an unsecured trade finance revolving credit facility ranging from £50,000 to £3m with no set-up or maintenance costs. In addition, FIBA members will have access to international payments in over 130 currencies and hedging tools to mitigate volatility in foreign markets, with the ability to lock in pricing for up to five years.
The partnership seeks to leverage Ebury’s market-leading services and expertise in business lending, international payments, and cash management solutions so that FIBA’s members can enhance their client proposition.
This will enable brokers to provide companies with cash flow to mitigate supply chain issues and navigate busy stocking periods throughout the year, which may have previously been challenging.
Kevin Copping, senior head of desk partnerships at Ebury, said: “We are delighted to be working with FIBA and supporting their members with our market-leading capabilities.
“At a time of market volatility and with stresses across global supply chains persisting, the ability to provide businesses with efficient FX risk management and lending solutions is increasingly important.
“Ebury specialises in simplifying international trade and so we are ideally placed to work with FIBA members and their clients to achieve positive outcomes.”
Martin Reynolds (pictured), executive chairman at FIBA, added: “Enabling our members to fulfil their client needs is central to our purpose.
“We are excited to partner with specialists like Ebury to ensure brokers and intermediaries can continue to provide outstanding service to SMEs in the UK.”
In an effort to support brokers’ clients, Ebury will provide a dedicated relationship manager, a global footprint spanning 32 offices worldwide, and a 24/7 online platform to simplify transactions.
This partnership is set to provide FIBA members with enhanced capabilities to support the diverse financial needs of businesses.
