|
| Thursday, 27 January 2022, 15:45 HKT/SGT | |
| |  | |
Source: Ebury | |
|
|
|
HONG KONG, Jan 27, 2022 - (ACN Newswire) - Ebury, the global non-bank leader in cross border finance for SMEs, is entering Hong Kong's non-bank lending market to provide trade finance for credit-starved small and medium-sized companies.
Ebury announced today that it had started competing head-on with large banks and Hong Kong's non-bank lenders by offering SMEs unsecured trade finance as a complementary product for their payables, with line sizes of up to US$5 million per client.
With a valuation of more than US$1 billion, Ebury is a 'unicorn' and has offices across Europe, the Middle East, North America, and Canada. The company, which is also expanding across Asia, began offering foreign exchange (FX) and risk management solutions to Hong Kong SMEs in 2019.
The global fintech has FX and trade finance capabilities in more than 130 currencies and offices in 20 countries linked by a single best-in-class platform. It recently launched the ability to finance cross-border freight and advertising for e-commerce businesses that buy and sell over the internet.
Ebury Hong Kong Country Manager, Liam Thomas, said that many Hong Kong SMEs faced great difficulty getting capital for their business because of red tape, rigid systems and complex lender demands, especially those with volatile revenue and cash flow. Regular rejection of SMEs' trade finance applications had contributed to a global trade finance gap that the Asian Development Bank estimated was around USD1.5 trn in 2020.
"Ebury is immediately competitive in the Hong Kong market because the features of our trade finance product make it the best available. We offer clients an easy-to-use online platform, complete cost transparency, with absolutely no fees except for the interest charged for credit used. In contrast, competitors often have upfront, draw-down or utilisation fees on top. In addition, our payable finance line offers an up to 150-day repayment period, which is much longer than the industry standard 90-120 days," Mr Thomas said.
"Our clients are increasingly becoming e-commerce-focused businesses which are looking for greater flexibility in working capital solutions. Our trade finance product enables them to pay for advertising and for freight, which are not typically able to be financed cost effectively by traditional lenders. Quite simply, you can use Ebury trade finance longer and for more things, without having to provide security over balance sheet or goods," he added.
Australia-based Ebury Asia Pacific Managing Director, Rick Roache, said he expected strong demand and that the Ebury Hong Kong loan book would grow quickly because of the suitability of Ebury's trade finance product for Hong Kong clients' needs.
"Our experience in other similar markets is that growth in our book accelerates over time. In Australia, the book has grown more than 300% in 2021 with the majority our clients using it to finance supply chains into North Asia. This Hong Kong trade finance launch is an important part of our regional growth strategy. Once this business is established it will serve as a launch pad for Ebury into mainland China," Mr Roache said.
To find out more about Ebury, please visit Ebury Hong Kong https://en.ebury.hk/ .
ABOUT EBURY:
Ebury provides international currency exchange in over 130 currencies, risk management and lending capabilities to large and mid-sized corporates globally. Founded in 2009 and headquartered in London, Ebury has offered tailor-made solutions to more than 24,000 clients based on their needs and objectives, helping them manage their FX risk exposure, growth aspirations and international payment requirements. Ebury Hong Kong is an authorised Money Services Operator (MSO) authorised by the Customs and Excise Department. The MSO License allows Ebury HK to carry out remittance and money changing services under license number 18-09-02555 . Ebury is registered with the ICO under the UK Data Protection Act; registration number ZA345828.
Topic: Press release summary
Source: Ebury
Sectors: Daily Finance, Banking & Insurance
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
TANAKA Commences Operation of "TANAKA H2 Nexus", One of Japan's Largest 500 kW Pure Hydrogen Fuel Cell Power Generation Facilities
Thursday, July 16, 2026 9:00:00 PM
|
|
|
Community Creates Mega Artwork for HKTDC 60th Anniversary
July 16, 2026 19:15 HKT/SGT
|
|
|
Cornerstone Robotics to Present at the 2nd Global Health Summit (GHS 2026) 
July 16, 2026 14:07 HKT/SGT
|
|
|
LEQEMBI(R) Real-World LEADER Study Presented at AAIC(R) 2026 Finds Over 75% of Early Alzheimer's Patients Enrolled in the Study Remained Stable and Nearly 7% Improved Over an Average of 17 Months of Treatment
Wednesday, July 15, 2026 11:18:00 PM
|
|
|
FDA Approves LEQEMBI IQLIK(R) (lecanemab-irmb) Subcutaneous Injection as an Initiation Dose for Early Alzheimer's Disease
Wednesday, July 15, 2026 10:51:00 PM
|
|
|
Eisai Presents Latest Findings Showed Etalanetug Reduced Alzheimer's Disease Tau Tangle-Specific Plasma Biomarker MTBR-tau243 at Alzheimer's Association International Conference(R) (AAIC(R)) 2026
Wednesday, July 15, 2026 10:21:00 PM
|
|
|
NEC develops world's first proprietary-AI technology to rapidly generate highly detailed 3D models solely from general-purpose camera footage while automatically removing unnecessary subjects
Wednesday, July 15, 2026 9:53:00 PM
|
|
|
Hitachi Rail achieves EcoVadis platinum medal, ranking among the top 1% of companies worldwide for sustainability performance
Wednesday, July 15, 2026 9:35:00 PM
|
|
|
AI Labs Launches AI-Powered Investment Intelligence Platform to Bring Advanced Technology Stock Analytics to Retail Investors
July 15, 2026 21:20 HKT/SGT
|
|
|
Hong Kong Book Fair, Sports and Leisure Expo and World of Snacks all open today
July 15, 2026 19:39 HKT/SGT
|
|
|
|
|
More Press release >> |
|
 |
|
 |
|
