Fintech treasury and supply chain finance platform provider Kyriba has raised $23 million in a Series D funding round led by French venture capital firm Bpifrance, with additional capital from existing investors HSBC and Daher Capital. Kyriba says it will use the new investment to ‘deepen its product innovation’ across its suite of solutions, which include risk management, supply chain finance, payments, cash management, and bank connectivity.
Kyriba’s Fintech solution, which simplifies and secures global payments, adds cash visibility, and cash optimization with supply chain finance, is a natural fit for Bpifrance, who strives to strengthen Fintech innovation in France and around the world,” said Jean-Luc Robert (right), chairman and CEO of Kyriba.
“Bpifrance is delighted to support Kyriba’s management that successfully transformed a French technology into a globally successful company,” said Nicolas Herschtel, investment director at Bpifrance Large Venture. “Bpifrance believes in Kyriba’s vision, and sees the opportunity for Kyriba to accelerate its global leadership position in cloud cash management solutions. Kyriba’s initial decision to deliver bank connectivity and treasury management in the cloud with a SaaS delivery model puts its payments, risk management, and supply chain finance solutions in an optimal position to serve banks, corporates and multinationals where and when they need it most”