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Ryft
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Ryft

Manchester payments company.

Ryft is a Manchester payments-orchestration company that closed a £20m Series B on 17 September 2026, led by Gresham House Ventures, to fund expansion into Europe and the US.

Last refreshed: 22 September 2026 · Appears in 1 active topic

Timeline for Ryft

#15 17 Sept

Closed a GBP20 million Series B

UK Startups and Innovation: Manchester payments firm raises £20m
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Background

Ryft is a Manchester payments-orchestration company serving marketplaces and multi-site platforms, handling seller onboarding, automated payment splits, recurring billing and cross-border payouts through a single integration.

Sadra Hosseini, Alex Mackenzie and Richard Kirby founded the company in 2021, after their earlier platform, Butlr, was acquired by OrderPay and they experienced how hard it was to find compliant payment infrastructure for marketplaces. It operates as Ryft Pay Ltd (Companies House no. 12128364, incorporated 30 July 2019), is authorised by the Financial Conduct Authority, and connects to Visa, Mastercard, American Express and Global Payments networks.

Ryft is part of Manchester's fintech cluster and the wider UK payments-orchestration sector. It closed a £20m Series B on 17 September 2026, led by Gresham House Ventures; several trade outlets called it the largest UK payments Series B of 2026, though Companies House filings confirm only the round's timing, not its size, which rests on the company's own announcement.

Common Questions
How much did Ryft raise in its Series B?
Ryft closed a £20m Series B on 17 September 2026, led by Gresham House Ventures. Companies House filings confirm the round's timing but not the £20m figure, which comes from the company's own announcement.Source: event
Who founded Ryft?
Ryft was founded in 2021 by Sadra Hosseini, Alex Mackenzie and Richard Kirby, after their earlier platform Butlr was acquired by OrderPay.
What does Ryft's payments platform do?
Ryft handles seller onboarding, automated payment splits, recurring billing and cross-border payouts for marketplaces and multi-site platforms through a single integration, and is authorised by the Financial Conduct Authority.
Where is Ryft based?
Ryft is based in Manchester, operating as Ryft Pay Ltd from Spinningfields.