FinTech Ryft expands to Europe with Clearhaus partnership

April 22, 2024

62 2 minutes read

By Gloria Methri

Today

Automated Payments
B2B Payments
Clearhaus

Manchester FinTech Ryft has partnered with Clearhaus, allowing the Danish acquirer to leverage its technology solutions and cater to digital platforms and marketplaces.

By partnering with Ryft, Clearhaus has a new way to serve the growing European digital business community. Over 23,000 underserved digital platforms and 3,000 marketplaces are looking for a compliant way to monetise transactions. Traditionally, building technology to facilitate this monetisation for merchants requires high overheads, expert teams, and complex licensing.

Through this alliance with Ryft, these businesses will be able to process PSD2-compliant transactions whilst capitalising on the transactions moving through their platforms and developing new revenue streams to help them scale.

As part of the deal, the FinTech will leverage its gold standard FCA licence to allow Clearhaus to scale into the UK market.

Speaking on the alliance, Sadra Hosseini, CEO and co-founder at Ryft, said, “We have 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.”

Commenting on the partnership, Djoek Derksen, Senior International Partner Manager at Clearhaus said, “We are 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.”