Ryft, a Manchester payments company, closed a Series B of £20 million led by Gresham House Ventures on 17 September1. Companies House filings for Ryft Pay Ltd corroborate the timing of the round and not its size, which is normal: a share allotment return records the shares issued and the nominal value, while the price paid for them sits in documents the registry does not publish2. Treat the direction as sound and the decimals as second-hand. The round matters mainly for where it landed, since payments infrastructure at Series B has tended to raise in London or not at all. Payments also sits outside the artificial intelligence sector that took a record share of the equity going into smaller British companies last year, which makes a Manchester Series B a useful reading of what the rest of the market can still close.
Manchester payments firm raises £20m
Ryft closed a Series B of £20 million led by Gresham House Ventures on 17 September, with Companies House filings corroborating the round's timing but not its size.
Ryft raised a £20 million Series B that the public register corroborates only in timing.
Deep Analysis
Ryft, a payments technology company based in Manchester, says it has raised £20m in a Series B funding round led by Gresham House Ventures. Official Companies House filings confirm the round happened around the date given, but do not confirm the £20m figure itself. Round sizes are often announced by the company before the underlying paperwork is filed or made public, so the amount here rests on the company's own statement rather than a filed record.
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