Daily News: April 8, 2015

HSBC, Others Complete Kyriba Series C Funding

Kyriba completed a $21 million round of Series C funding. Kyriba will use these funds for product innovation and to support the company’s rapid global expansion. Kyriba enables nearly 1,000 companies worldwide to optimize their cash, manage their risk and better work their capital.

Through its strategic investments program, HSBC joined existing investors BRED Banque Populaire, Daher Capital, Iris Capital and Upfront Ventures to support Kyriba’s global expansion.

“We are pleased to have HSBC on board as a strategic investor in Kyriba,” said Jean-Luc Robert, chairman and CEO of Kyriba. “This is a clear validation of our product capabilities and strategy. This investment will enable us to continue to enrich our solution and sustain our strong growth trajectory worldwide.”

“Cloud-based services are transforming the way corporates interact with financial services providers. An innovative and leading provider in its field, Kyriba is a strong addition to our portfolio of strategic investments. We look forward to exploring business opportunities with them, said Christophe Chazot, Group Head of Innovation at HSBC.

Kyriba is a provider of cloud-based proactive treasury management. CFOs, treasurers and finance leaders rely on Kyriba to optimize cash, manage risk and work capital.