Manchester-based Ryft, a leading innovator in the FinTech sector, has announced a strategic partnership with Danish acquirer Clearhaus.
The partnership between Ryft and Clearhaus is designed to address the needs of the rapidly expanding digital business sector in Europe, which includes over 23,000 digital platforms and 3,000 marketplaces. These entities are in urgent need of PSD2 compliant transaction processing that bypasses the conventional barriers such as high overheads and complex licensing requirements. This collaboration aims to streamline these processes and facilitate easier market entry and scalability for these platforms.
Ryft, based in Manchester, utilizes its FCA licence to offer technology solutions that enable digital platforms and marketplaces to monetize transactions efficiently. Their services are essential for businesses looking to process payments within the regulatory frameworks of PSD2 compliance, benefiting from Ryft’s established UK market presence and partnerships with notable brands like easyFood.
Clearhaus, a Danish bank, brings to the table its expertise in payment processing with a focus on customer-centric solutions. By integrating Ryft’s technology, Clearhaus can expand its operations into the UK market and beyond without the need for additional licensing, making it an attractive partner for European digital businesses seeking to enhance their transaction capabilities.
This alliance allows Clearhaus to leverage Ryft’s gold standard technology and licensing to effectively scale operations across Europe, particularly in the post-Brexit landscape where market entry has become more challenging. This partnership not only facilitates Clearhaus’s growth but also positions Ryft as a competitive force against other alternative payment solutions like Adyen and Stripe Connect.
Ryft CEO and co-founder Sadra Hosseini said, “We’ve been working closely with the Clearhaus team over the last year to bring an exciting payments proposition to the market together, which we’re delighted to have finally launched. The Clearhaus vision aligns closely with the Ryft ethos: moving fast, building for customer needs, and focusing on providing the best technology in the market. We are excited for this partnership to grow and for Ryft to scale across Europe with the help of Clearhaus”.
Clearhaus Senior International Partner Manager Djoek Derksen noted, “We’re thrilled about the expansion of our partner portfolio through the new collaboration with Ryft, a specialist in platform payments. This partnership is set to improve our offerings, bringing forth a modern, competitive platform payment solution. Combined with our extensive currency support this solution is well tailored for merchants across Europe. Together with Ryft, we aim to bring our rapid onboarding times to provide a seamless payment experience.”
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