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SFC Capital leads Ryft seed funding round

Ryft, a PSD2 compliant payments system, has raised a large seed round, led by SFC Capital, one of the UK’s most active seed-stage investors. Additional investors include the ex-founder of Shutterstock and the founder of LoveFilm.

Ryft enables automated next day payouts for marketplace businesses and their merchants, for a single flat fee per transaction.

The Ryft solution processes payments and then automatically diverts funds to merchants and sub-merchants (minus any commissions) the next working day. Think Stripe Connect without the high fees and lengthy payout wait times. The solution is completely PSD2 compliant. Ryft’s end-to-end solution handles everything from accepting online payments, verifying and onboarding merchants, to splitting up the payments however a business wants. This is all done through easy-to-use API documentation to remove complexity and fast track the development cycle.

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