Ryft Raises £20M Series B

Ryft, a Manchester-based payments company that provides infrastructure for marketplaces and multi-location businesses, has secured £20 million in Series B funding. This round brings the company's total funding to approximately £27 million to date.

Investors

The funding round was led by Gresham House Ventures, with participation from existing investors Pembroke VCT and Ingenii Capital.

Ryft Use of Funds

Ryft plans to use the new capital to support its expansion into European and US markets. The funds will also accelerate product development and facilitate the company's move upmarket, including obtaining a full EU license from the Malta Financial Services Authority.

About Ryft

Founded in 2021 by Sadra Hosseini, Alex Mackenzie, and Richard Kirby, Ryft develops payment solutions designed for platforms and marketplaces. The company helps businesses manage complex transaction flows, such as automated split payments, recurring billing, and cross-border payouts through a single integration.

Funding Details

Company Website: https://ryftpay.com

Company: Ryft
Raised: £20M
Round: Series B
Funding Date: September 2026
Lead Investor: Gresham House Ventures
Additional Investors: Pembroke VCT, Ingenii Capital
Software Category: FinTech
Source: https://retailtechinnovationhub.com/home/2026/9/17/ryft-lays-claim-to-largest-uk-payments-series-b-round-of-2026-as-company-eyes-european-and-us-expansion