UK payments firm Ryft raises £20m for European push

Ryft, a UK-based payments infrastructure provider, has secured £20 million in Series B funding to fuel its expansion into the US and European markets. For retailers and marketplace operators, this represents a shift in how payment processing and merchant payouts are handled. Ryft specifically focuses on complex payment flows, such as those found in multi-vendor marketplaces or businesses that need to split payments between different parties instantly. This funding news is important for your business because it signals increased competition in the 'automated payout' space. As Ryft scales, merchants can expect more streamlined tools for managing sub-merchants and handling regulatory compliance like KYC (Know Your Customer) automatically. For operators using legacy systems, this platform offers a way to bypass manual accounting for commissions and refunds. The move into the US means domestic retailers may soon have another robust alternative to mainstream processors, potentially lowering costs through better competition and offering deeper integration for consumer-facing checkout experiences. While primarily a backend infrastructure play, better payment rails lead to smoother financing integrations and faster settlement times for your store's bottom line.

Source: Finextra — Lending

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