Surecomp has announced the acquisition of ELCY Ltd, a UK-based provider of digital trade finance solutions. This strategic acquisition enhances Surecomp’s dedication to leading the transformation of digital trade finance through innovation and collaborative efforts. The ELCY multi-bank solution, elcyMBP, will be integrated into Surecomp’s RIVO™ platform, forming a more unified digital trade finance ecosystem that will enable Surecomp to provide even greater value, efficiency, transparency, and growth.
Established in 2001, ELCY Ltd shares a strong alignment with Surecomp in terms of heritage, vision, expertise, and technical infrastructure. As a SaaS-native solution supported by Amazon Web Services (AWS), ELCY boasts a robust customer base across Europe and Asia, including many large multinational firms in the commodities sector that utilize elcyMBP to streamline workflows and centralize communication with banks. By integrating ELCY’s technology and customers into RIVO™, Surecomp emphasizes business continuity and a seamless customer experience while providing access to a wider global network and enhanced functionalities.
“We are excited to welcome ELCY into our solution portfolio,” stated Guy Perry, President and CEO of Surecomp. “After a robust year and growing momentum in the adoption of digital trade finance, we are delighted to broaden our network with such distinguished clientele and ensure uninterrupted services. With ELCY’s proven technologies and skilled team, we can further refine our offerings and continue to meet the integrated end-to-end processing demands of clients across various industries.”
“This is a thrilling time in the digital trade finance sector,” commented ELCY founder, Robin Cohen. “Partnering with Surecomp allows us to leverage its expertise, global presence, and integrated back-office solutions, providing us with a platform to offer even more value to our clients. Together, we are exceptionally well-equipped to influence the future of digital trade.”
