Ryft Raises £20M Series B Led by Gresham House Ventures

Manchester-based fintech Ryft has raised a £20 million Series B round, according to funding data. The round was led by Gresham House Ventures and included participation from Pembroke VCT, Ingenii VC, and Northern Powerhouse Investment Fund II (NPIF II).

What Ryft Does

Ryft provides an omnichannel payment platform that unifies online and in-person payment methods for businesses. The platform is designed to automate reconciliation, reduce fees, and enable monetisation through embedded fees or margins.

The company targets marketplaces, franchises, and digital platforms — segments that often contend with fragmented payment systems and complex reporting requirements. Ryft's proposition centres on simplifying those systems by bringing multiple payment channels into a single platform.

The Round at a Glance

Company: Ryft
Round type: Series B
Amount raised: £20,000,000
Lead investor: Gresham House Ventures
Additional investors: Pembroke VCT, Ingenii VC, Northern Powerhouse Investment Fund II (NPIF II)
Headquarters: Manchester, United Kingdom

Why the Raise Matters

The Series B marks a significant step for a UK regional fintech. Manchester has become an increasingly visible hub for financial technology companies, and Ryft's focus on omnichannel payments places it in a category where demand has grown as businesses seek to reconcile transactions across online and physical channels.

For acquirers and strategic investors, the round signals continued institutional backing for payment infrastructure that serves complex merchant types. Marketplaces and franchises typically require more sophisticated reconciliation and reporting than single-channel merchants, and platforms that solve those problems can build durable relationships with their customers.

The Investor Base

The round brings together a mix of venture capital and regional investment funds:

Gresham House Ventures led the round, anchoring the raise.
Pembroke VCT participated, adding venture capital trust backing.
Ingenii VC participated.
Northern Powerhouse Investment Fund II (NPIF II) participated, reflecting continued regional investment support for Northern England businesses.

What to Watch

With fresh capital in hand, Ryft is positioned to build on its omnichannel payments platform. The company's stated focus areas — automating reconciliation, reducing fees, and enabling embedded monetisation — align with persistent pain points for marketplaces, franchises, and digital platforms.

For those tracking the payments sector, Ryft's progress will be worth monitoring as it deploys the Series B proceeds. The involvement of both institutional venture investors and regional funds suggests confidence in the company's approach to unifying fragmented payment systems.

Summary

Ryft, a Manchester fintech, has raised £20 million in Series B funding led by Gresham House Ventures, with Pembroke VCT, Ingenii VC, and NPIF II also participating. The company provides an omnichannel payment platform for businesses, with a focus on marketplaces, franchises, and digital platforms.