Kyriba, a San Diego, CA-based provider of Software-as-a-Service (SaaS) cash and treasury management solutions, has secured $10.6m in growth financing.
The round was led by Iris Capital, with participation from existing investor BRED Banque Populaire.
The new capital will be used to support the strong demand for Kyriba’s service in the US and Europe and to further expand its market coverage.
In conjunction with the funding, Curt Gunsenheimer, Partner of Iris Capital, joins the company’s board of directors.
Kyriba’s solutions allow customers to utilize the online system to automate and better control their daily cash management tasks, including centralization of consolidated bank balance and transaction reporting, payments, cash positioning/forecasting, automated general ledger posting and investment, debt and FX portfolio reporting.
Founded in 2000, Kyriba has operational hubs in New York and Paris serving a global client base of more than 10,000 subscribers across several hundred corporations, insurance companies, and financial institutions.