Ryft in the News - Stripe rival Ryft raises £1.2m for merchant payment system
Co-founders Sadra Hosseini and Alex Mackenzie quickly scaled Ryft by learning from their previous exit in a marketplace platform
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. 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.
