3 years ago

Ryft Secures £1.2 Million to Simplify Marketplace Payments

  • Ryft, a London-based PSD2 compliant payments system, has raised £1.2 million in a seed funding round led by SFC Capital

  • The investment will be used to accelerate platform and team expansion

  • Ryft aims to simplify and streamline payment processes for marketplace businesses by providing a unified platform that handles everything from accepting online payments to verifying merchants and splitting payments

  • The solution is completely PSD2 compliant.

      • ProblemTechnology Infrastructure

      "Marketplace businesses have to deal with multiple sub-partners for payments, leading to wasted time and multiple processes across different platforms."

      Solution

      "Ryft offers a unified payment platform that processes payments and automatically diverts funds to merchants and sub-merchants the next working day, streamlining all of these processes and reducing associated risks for marketplaces. It's also PSD2 compliant and handles everything from accepting online payments to splitting up payments however a business wants."

      Covered on