Payment Solutions House Sets Up In Luxembourg, Targets Alternatives Sector

Editorial Staff

21 October 2022

, which provides transaction payment solutions, has established a branch in Luxembourg registered under CSSF regulations to support managers in the alternative investments sector.

Acquiring the office will allow Ebury to handle demand from corporate service providers and alternative investment fund managers for better cross-border payment services than those offered by traditional institutions, it said in a statement.

For entities being set up in Luxembourg, Ebury provides services such as issuing blocking certificates which are required by local regulations to prove that funds have been blocked until company formation is complete.

Ebury has invested “significantly” in its proposition, boosting operations in Luxembourg and expanding its international footprint with dedicated specialists across 10 countries. (The firm did not give a financial figure for that investment in its statement.)

“Luxembourg is a hub for alternative investments and so establishing our presence in this geography will be crucial to achieving our ambitious aims in the sector,” Lamin Jaiteh, global head of institutional solutions at Ebury, said.