UK payments firm Ryft raises £20m for European push
Manchester-based payments infrastructure platform Ryft has successfully raised £20 million in a Series B funding round. The firm is now focused on expanding its operations into Europe and the US, signaling its ambitions for international growth.
This funding will allow Ryft to enhance its payment solutions and expand its market presence. As the payments landscape evolves, companies like Ryft are increasingly prioritizing global accessibility and performance, positioning themselves as competitive players in the European and US markets.
Key takeaways
- ▸Ryft is a Manchester-based payments infrastructure platform.
- ▸The firm raised £20 million in Series B funding.
- ▸The funding will be used for expansion into European and US markets.
- ▸Ryft aims to enhance its payment solutions as part of its growth strategy.
Why this matters
Ryft's successful funding round positions it well to compete in the increasingly crowded payments space in Europe and the US. As consumer and business payment needs evolve, the company’s expansion could allow it to capture significant market share, thereby increasing competition against established players in these regions. This shift may lead to improved options and technologies for merchants and consumers alike as it enhances the overall payments landscape.