European global corporate transaction services fintech Ebury has just launched in Australia, with its first Australian office and a staff of 15.

Ebury provides international currency exchange in over 140 currencies, risk management and lending capabilities to large and mid-sized corporates.

In Australia, the company is targeting a market of at least 20,000 companies.

"We see tremendous potential to meet the growing needs for payment, foreign exchange, lending and treasury solutions from local SMEs who aren't being well served by the traditional bank model," Ebury Australia Country Manager, Rick Roache, said.