UK fintech startup Ryft has raised $7.3 million in Series A funding to expand its payment-splitting platform into new markets.
Ryft provides tools for marketplaces, booking apps, and food delivery services to manage multi-party payments for what the startup calls "commerce 2.0".
The funding round was led by EdenBase and included participation from GPOS Investments, British Business Bank, and others.
Ryft is planning expansion into the EU and the US, focusing on international growth, hiring, and launching omnichannel payments.