Ryft, a Manchester, UK-based PSD2 and FCA-approved decentralised payments provider, raised £5.7M in Series A funding.
The round, which brought total investments to £7.4m, was led by EdenBase with participation from GPOS Investments, British Business Bank, Pembroke VCT, Sidebyside and Ingenii VC. The fundraising round was also joined by strategic angel investors, including executives at PayPal.
The company intends to use the funds to expand operations and its development efforts.
Founded by Sadra Hosseini and Alex Mackenzie, Ryft is a fintech provider that offers PSD2-compliant automated payment solutions for marketplaces and digital platforms. By enabling embedded payments, it empowers platforms to monetize transactions and process rapid payouts to merchants and sub-merchants automatically.
Over 1,500 businesses have already implemented Ryft to enable rapid growth without regulatory complications.
The company has offices in Manchester and London.
FinSMEs
09/04/2025