Ryft Raises €23M for European Payments
Ryft has raised €23 million to expand its payments infrastructure across European markets.
UK payments startup Ryft has raised €23 million (£20 million) in Series B funding as it prepares to expand across more European markets.
What happened
The round was led by Gresham House Ventures, with participation from Pembroke VCT and Ingenii Capital.
Ryft develops payments infrastructure for platforms and marketplaces, allowing businesses to handle transactions and distribute funds between multiple parties.
Why it matters
Payments infrastructure is dominated by a relatively small number of scaled providers, but marketplaces often have more complicated needs than simple merchant payments.
Platforms may need to split transactions, pay multiple sellers and manage compliance across different jurisdictions. That creates room for specialised payment companies that can handle those workflows more flexibly.
The bigger picture
European fintech is increasingly moving from consumer-facing products toward infrastructure. Payments, compliance, identity and embedded financial services remain attractive because they sit underneath many other digital businesses. Ryft's round also fits a broader European push to build more regional financial technology rather than relying entirely on global incumbents.