25 September 2017
visit www.ncr.com

Kyriba raises $7m

27 May 2008  |  2673 views  |  0 cash

Kyriba, a provider of Web-based cash and treasury management systems, has raised $7 million in a funding round with its current shareholders and new investor, Coface.

Founded in 2000 and headquartered in San Diego and Paris, Kyriba delivers cash and treasury management applications under a "software as a service" model.

Existing shareholders GRP and Bred Banque Populaire participated in the group's latest funding round along with Paris-based credit insurance firm Coface.

Jean-Luc Robert, CEO, Kyriba, says adding Coface as a strategic investor and to the board of directors "will bring many synergies to Kyriba".

"Coface facilitates trade receivables financing which is a very hot topic during the current credit crisis and an important part for an efficient cash management. Coface, by its global presence, will greatly facilitate our international expansion," adds Robert.

Kyriba says it will use the funds to accelerate growth and client acquisition efforts in North America, Europe and Asia-Pacific.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Kyriba raises $14.4m funding

Kyriba raises $14.4m funding

16 March 2007  |  2826 views  |  0 comments
Kyriba secures ten million dollar funding round

Kyriba secures ten million dollar funding round

18 June 2001  |  2204 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.ncr.comvisit www.abe-eba.eu

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13648 views comments | 29 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10400 views comments | 14 tweets | 30 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8678 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8616 views comments | 16 tweets | 1 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8382 views comments | 1 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job