Santander to invest $67 mln in Ebury via Centerbridge-led funding rounds

April 30 (Reuters) - Santander will ​invest ⁠50 million pounds ($67.4 million) ​in its international payments fintech Ebury, as part ​of ‌funding rounds totaling 550 million pounds, the ⁠Spanish banking giant said on ⁠Thursday.

The funding rounds ​are being conducted by a group comprising Centerbridge Partners, alongside existing shareholders Santander, Vitruvian Partners ​and ‌83North, with Santander remaining as Ebury's majority shareholder with a 55% stake, it said.

The rounds will be carried out ​in two separate transactions, and the proceeds ‌will be used to accelerate growth with a focus on "scaling ‌the business and enhancing AI capabilities to improve payment processing".

The funding is expected to ​generate around 4 basis points of common equity Tier ‌1 at group level and be completed no later than the first quarter ⁠of ⁠2027.

In March, Sky News ‌reported that Centerbridge was eyeing a Ebury stake after ​the ​payments firm stalled a ‌London stock market listing.