NEW YORK — Kyriba Corp., a developer of cloud treasury management solutions, has raised $23 million in a Series D funding round led by Bpifrance, with additional capital from existing investors HSBC and Daher Capital.
Kyriba will use the funds to deepen its product innovation across its suite of solutions, including risk management, supply chain finance, payments, cash management, and bank connectivity. Additionally, the funds will help the company enter new countries.
“The global market place is changing rapidly, and becoming more challenging for our clients to navigate,” said Jean-Luc Robert, chairman and CEO of Kyriba. “We are well funded with a strong balance sheet, and in a competitive environment, we are able to deliver a solution to meet these market demands. 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.”
Kyriba is a leader in cloud treasury solutions, delivering Software-as-a-Service (SaaS) treasury technology to corporate CFOs and Treasurers. More than 1,300 global organizations use Kyriba to deliver global cash visibility, improve financial controls, and increase productivity across their cash and liquidity, payments, supply chain finance and risk management operations. Kyriba is headquartered in San Diego, with offices in New York, Paris, London, Tokyo, Singapore, Dubai, Hong Kong, and Rio de Janeiro.