Kyriba, a San Diego, CA-based company which specializes in liquidity performance, received an investment from Bridgepoint and General Atlantic.
Bridgepoint will reinvest in Kyriba following a period of record growth for the business and will remain the majority shareholder. In addition, General Atlantic joined as a new minority investor. The transaction, which valued the company at over $3 Billion, is expected to close in Q4 2024, and financial terms beyond this were not disclosed.
The company intends to use the funds to support its next phase of growth.
Led by CEO Melissa Di Donato, Kyriba specializes in providing liquidity performance solutions for CFOs, Treasurers and IT leaders to connect, protect, forecast and optimize their liquidity. As a secure and scalable SaaS solution, it brings intelligence and financial automation that enables companies and banks of all sizes to improve their financial performance and increase operational efficiency. Its real-time data and AI-tools empower its close to 3,000 customers worldwide to quantify exposures, project cash and liquidity, and take action to protect balance sheets, income statements and cash flows.
Kyriba manages more than 3 billion bank transactions and $15 Trillion in payments across multiple banks annually and gives customers complete visibility and actionability, so they can optimize and fully harness liquidity across the enterprise and outperform their business strategy.
FinSMEs
17/10/2024