Kyriba, a San Diego, CA-based provider of cloud treasury management solutions, completed a $21m Series C funding round.
Backers included HSBC (NYSE: HSBC) and existing investors BRED Banque Populaire, Daher Capital, Iris Capital and Upfront Ventures.
The company intends to use the funds for product innovation and and global expansion.
Led by Jean-Luc Robert, chairman and CEO, Kyriba provides CFOs, treasurers and finance leaders with a cloud-based treasury, bank connectivity, risk and supply chain finance management platform to optimize their cash, manage their risk, and work their capital.
The company currently serves nearly 1,000 companies.