Fintech company Ryft has partnered with online payments firm Clearhaus to enhance the latter’s expansion plans across Europe.
Clearhaus will leverage the Manchester-based fintech’s technology solutions to cater to different digital platforms and marketplaces. This move by the Danish payments company aims to span across over 23,000 underserved digital platforms and 3,000 marketplaces across Europe.
The partnership will also look to complement Clearhaus’s ability to monetise transactions without current barriers getting in the way of high overheads, expert teams and complex licensing.
Djoek Derksen, Senior International Partner Manager at Clearhaus, said: “We’re thrilled about the expansion of our partner portfolio through the new collaboration with Ryft, a specialist in platform payments.
“This partnership is set to improve our offerings, bringing forth a modern, competitive platform payment solution. Combined with our extensive currency support this solution is well tailored for merchants across Europe. Together with Ryft, we aim to bring our rapid onboarding times to provide a seamless payment experience.”
The alliance also aims for more regulatory compliance for Clearhaus and will lean on Ryft’s gold standard Financial Conduct Authority (FCA) licence through its knowledge and experience of the UK market.
For Ryft, this partnership with Clearhaus also enables its European scaling plans, aiding its ability to compete with other alternative payment solutions, such as Adyen and Stripe Connect. By creating a technical layer for banking partners to leverage, Ryft also enables banks to contribute to merchant growth in a quickly evolving market.
Sadra Hosseini, CEO and Co-Founder at Ryft, added: “We’ve been working closely with the Clearhaus team over the last year to bring an exciting payments proposition to the market together, which we’re delighted to have finally launched.
“The Clearhaus vision aligns closely with the Ryft ethos: moving fast, building for customer needs, and focusing on providing the best technology in the market. We are excited for this partnership to grow and for Ryft to scale across Europe with the help of Clearhaus.”
