San Diego based SaaS treasury solution company Kyriba Corp has closed a $23m Series D funding round led by bpifrance. Kyriba is the global leader in cloud treasury solutions, delivering Software-as-a-Service (SaaS) treasury technology to corporate CFOs and Treasurers.
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 provide further enhancements to its client success services, and to offer support for the company to enter new geographies. “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.”