Ryft Lands £20 Million Series B to Scale Multi-Party Payment Architecture Across Europe and the US
Ryft has successfully completed a £20 million Series B funding round aimed at scaling its multi-party payments architecture in Europe and the US. This funding will help accelerate the platform's development and aid in securing a full EU license through Malta.
As Ryft gears up for expansion, its focus on multi-party payments signifies a growing shift in the payments landscape, accommodating diverse participant ecosystems. The funding round puts Ryft in a competitive position in not only the European market but also in the rapidly evolving US payments sector.
Key takeaways
- ▸Ryft has raised £20 million in Series B funding.
- ▸The funding will support the expansion of its multi-party payments platform.
- ▸Ryft aims to secure a full EU license via Malta during its expansion.
- ▸The company's growth strategy targets both European and US markets.
Why this matters
This funding enables Ryft to enhance its capabilities in multi-party payments, positioning itself to cater to complex payment ecosystems across key markets. Successful licensing in Malta will facilitate broader EU operations, potentially attracting clients seeking sophisticated payment solutions, while also increasing competition among existing players in the sector.
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