Ryft

Manchester-based fintech company Ryft has raised £20 million in a Series B funding round led by Gresham House Ventures, with participation from Pembroke VCT, Ingenii Capital, and NPIF II – PXN Equity Finance.

Summary of transaction details:

• Value: £20 million
• Sector: Fintech
• Advisor: Not disclosed
• Key Entities: Ryft, Gresham House Ventures, Pembroke VCT, Ingenii Capital, PXN Ventures
• Location: Manchester, United Kingdom

Note: The capital injection will support Ryft's product development, move upmarket, and expansion into Europe and the US after tripling its processing volume over the past year.