‘Turbocharged’ FinTech looks to double in size
FinTech startup Ryft has announced plans to more than double in size to 50 staff by the end of next year.
FinTech startup Ryft has announced plans to more than double in size to 50 staff by the end of next year.
Founded in 2021, Ryft’s technology processes payments and then automatically diverts funds to merchants and sub-merchants the next working day, minus any commissions.
Last year the company raised £1.2m in seed funding, which was led by SFC Capital, with further investment coming from the ex-founder of Shutterstock and the founder of LoveFilm.
The money was used to develop its automated next-day merchant payments system.
Ryft was co-founded by Sadra Hosseini and Alex Mackenzie and was inspired by their previous business restaurant ordering app Butlr, which went on to be acquired by OrderPay.
Mackenzie said the investment had been ‘transformational’ and Ryft was now ready to go to the next level.
