UK Payment Services Provider Ryft Raises £20 Million in Series B Funding for Expansion
Ryft, a UK-based payment services provider (PSP), has secured £20 million ($26.74m) in a Series B funding round led by Gresham House. Existing investors Pembroke VCT and Ingenii Capital also participated, with PXN Ventures joining as a new backer through the Northern Powerhouse Investment Fund. The funds will support Ryft's expansion into Europe and the US. The company has applied for an EU licence from Malta’s Financial Services Authority to enable cross-border service offerings within the European Economic Area. CEO Sadra Hosseini emphasized that this funding allows Ryft to scale its operations beyond the UK, challenging traditional payment incumbents with a modern alternative.
Topics: Europe Expansion Fintech Payments United States