Ryft Secures £20 Million in UK’s Largest Payments Series B Funding Round

This reduces operational friction for platforms managing high volumes of split transactions

Manchester-based payments infrastructure provider Ryft has closed a £20 million Series B funding round, marking the largest such investment in the UK payments sector to date. The round, completed on September 17, 2026, will support the company’s international expansion and product development for marketplace and platform clients. The funding comes as Ryft scales its technology that enables seamless payment processing for multi-location businesses and digital platforms. Investors cited the company’s strong traction in enabling split payments and real-time settlement across complex transaction flows. The capital will be used to grow engineering teams, enhance compliance capabilities, and enter new European markets. How Ryft’s Infrastructure Solves Marketplace Payment Challenges Ryft’s platform addresses a critical gap in the payments ecosystem by providing unified infrastructure for businesses that operate across multiple locations or serve third-party sellers. Unlike traditional gateways, its system handles funds distribution, tax compliance, and reconciliation in real time.

This reduces operational friction for platforms managing high volumes of split transactions. The company’s technology integrates directly with acquiring banks and alternative payment methods, allowing clients to offer localized payment options without building bespoke solutions. Ryft currently processes over £1.2 billion in annual transaction volume across retail, hospitality, and software-as-a-service sectors. What Sets Ryft Apart from Competitors in the PayTech Space? While many payments providers focus on consumer-facing checkout experiences, Ryft concentrates on the backend complexity of multi-party transactions. Its API-first approach allows platforms to embed payment splitting, escrow, and payout functions without managing multiple vendor relationships. This differentiation has attracted interest from investors seeking scalable B2B fintech models. The Series B round was led by existing backers with participation from new institutional investors specializing in financial infrastructure.

Ryft’s valuation post-money remains undisclosed, but sources indicate it reflects strong confidence in the company’s path to profitability within 24 months. Frequently Asked Questions What types of businesses use Ryft’s platform? Ryft serves marketplaces, software platforms, and multi-location enterprises that require automated payment splitting, compliance handling, and real-time fund distribution across seller networks or franchise locations. How will the £20 million funding be allocated? The capital will primarily support international expansion into Europe, team growth in engineering and compliance, and further development of Ryft’s core payments infrastructure for complex transaction environments. Is Ryft planning to expand beyond the UK and Europe? While the immediate focus is on strengthening its presence in key European markets, the company has indicated long-term interest in North America and APAC regions as demand for scalable marketplace payments grows.