According to Bloomberg, which cites people familiar with the situation, the cross-border payments network has had talks with the banks about starting an IPO at a valuation of up to £2 billion next year.

The unidentified banks would assist Ebury in underwriting its stock market floatation, according to the sources, albeit the specifics of any prospective offering could vary.

Ebury is a part of the Spanish financial behemoth Santander's PagoNxt payments network. Santander paid £350 million in November 2019 to purchase a 50.1% share in the fintech. Later, the bank's share increased to 54%.

The London-based fintech company provides trade finance, foreign currency, and cash management services in addition to specializing in helping businesses with international payments and collections.

The founder and CEO of Ebury, Juan Lobato, declared the fintech to be "in a stronger position than ever before" in the company's full-year statistics, which were released in November and showed sales of £204 million and a transaction volume of £25.5 billion.

According to Lobato, this position is driving the company's "big ambitions," which include "exploring an IPO of the business to maximize Ebury's potential on the back of our strong financial and commercial performance."

In recent years, Ebury has substantially increased the amount of acquisitions it makes. This action includes the purchase of Bexs from Brazil in May 2022, the acquisition of Trans Skills Investment for Middle Eastern payroll processing, and, most recently, the late-year purchase of Prime Financial Markets and subsequent entry into the African payments sector.