UK fintech Ebury has entered into an agreement to acquire ArcaPay, a B2B cross-border payment solutions provider based in Lithuania.

Ebury says the addition of ArcaPay will enable the company to “expand in the Baltics” and “help existing clients grow in the region”.

The deal is subject to regulatory approval and financial terms have not been disclosed.

ArcaPay specialises in foreign exchange (FX), currency risk management, and B2B cross-border payment services.

The move sees Ebury continue to expand its global footprint. Backed by a majority investment from Spanish bank Santander, the fintech previously expanded into Brazil, South Africa, New Zealand, Chile and Mexico.

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