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Stripe Rival Ryft Raises £1.2M For Merchant Payment System

RECENTLY ACQUIREDSep 01, 2022

Amount Raised

£1.2 Million

Round Type

Seed

Financial ServicesPaymentsE CommerceMarketplaceFintechLending

Description

Ryft has closed a seed round of funding that brings the total raised by the fintech startup to £1.2m for its automated next-day merchant payments system.

Quick answer

Ryft raised £1.2 Million in a Seed round, dated September 1, 2022.

How much did Ryft raise?
Ryft raised £1.2 Million in a Seed round on September 1, 2022.
What does Ryft do?
The Ryft seed round was led by SFC Capital, with further investment coming from the ex-founder of Shutterstock and the founder of LoveFilm.The London-based company’s payment solution integrates into an online..
Where is Ryft based and how big is it?
Fundz records about 65 employees.

Source: Fundz verified event record.

Who else raised in Financial Services and Payments around the same time

Companies in the same sectors as Ryft that raised within 45 days of this round, from Fundz verified event records.

  • Pastel raised $5.5M (Funding Round) on August 15, 2022.
  • SeQura raised $145M (Funding Round) on September 27, 2022.
  • Shift4 Payments raised $25M on August 31, 2022.
  • Nada raised $8.1M (Funding Round) on July 28, 2022.
  • REGO Payment Architectures raised $10M (Series B) on October 13, 2022.
  • NorthOne raised $67M (Series B) on October 13, 2022.

Who to call at Ryft, and when

A new round usually means Ryft is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Ryft

About

The Ryft seed round was led by SFC Capital, with further investment coming from the ex-founder of Shutterstock and the founder of LoveFilm.The London-based company’s payment solution integrates into an online marketplace and accepts payments from all major cards, along with Google and Apple Pay.The company competes with the likes of Stripe Connect, the marketplace payments integration created by Irish-American fintech giant Stripe. Ryft claims that its solution comes “without the high fees and lengthy payout wait times”, with merchants receiving funds the next working day and Ryft charging a flat fee for each transaction. Ryft was founded by Sadra Hosseini and Alex Mackenzie.

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Ryft raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.