Kyriba Brings In $45 Million

Fintech software startup Kyriba announced it has secured $45 million in financing led by Sumeru Equity Partners. BPIFrance, Iris Capital, Daher Capital and HSBC also participated in the funding.

Kyriba is a provider of web-based cash and treasury management solutions, delivered via a SaaS model. The B2B company’s automated cloud-based system enables customers to control daily cash management needs, including maintaining bank balances, tracking transactions, cash positioning and forecasting, automated general ledger posting, and investment portfolio reporting. It serves a global client base of more than 130 corporate treasuries, insurance companies, and financial institutions, including Qualcomm, Cymer, Expedia, DRS Technologies, Interpublic Group, and The New York Times.

The company revealed that the additional funding will enable Kyriba to accelerate growth and strengthen its market position.