Ryft, a Manchester-based payments company, has raised €23M (£20M) in a Series B.
Gresham House Ventures led the round, with existing investors Pembroke VCT and Ingenii Capital participating. The raise follows a €6.6M round in April 2025.
CEO and co-founder Sadra Hosseini said the capital lets Ryft take what it has built in the UK into new European markets. “Payments have been dominated by a small number of incumbents for a long time,” he said, adding that the company wants to offer businesses an efficient alternative in Europe and beyond.
The raise also fits a wider funding wave. EU-Startups tallies roughly €224.8M across comparable payment-infrastructure rounds this year, among them €86.2M for London’s Primer, €83M for Sokin, €37M for Amsterdam’s Silverflow and €12M for Klearly, plus earlier cheques for SolvaPay, Ralio and paymove.
UK companies have taken several of the larger cheques, a pattern the government has been keen to amplify. Economic Secretary to the Treasury Lucy Rigby called Ryft’s raise a vote of confidence in Manchester’s fintech sector and in British businesses competing globally.
Ryft’s challenge is scale. European payments is consolidating around a handful of well-funded challengers, and the Series B gives it runway to fight for merchant volume rather than just product parity.
