Welcome to the fascinating world of corporate finance! Today, dive into the world of Kyriba, the cash management specialist, whose valuation has just reached a historic milestone of $1.2 billion. Make yourself comfortable, as Kyriba's story is a source of inspiration for financial enthusiasts and budding entrepreneurs alike!
Kyriba, the treasury management solution
Founded in 2003 and headed by Jean-Luc Robert for the past 20 years, Kyriba has rapidly emerged as a major player in the field of cash management, thanks to the success of its innovative projects. The company offers a comprehensive cloud platform, enabling companies of all sizes and industries to manage their financial flows efficiently and securely.
Thanks to a powerful suite of tools, Kyriba enables treasurers to automate processes, optimize cash management, reduce risk and gain real-time visibility of their cash position. This integrated, innovative approach has won over a large number of renowned companies, including Thales, Barilla and Hilton Grand Vacations, as well as start-ups such as Spotify and Société Générale bank , making Kyriba the preferred partner of finance teams worldwide.
Kyriba's growth and development over the years
Throughout its history, fintech Kyriba has proven its worth as a leader in the cash management sector. Thanks to its commitment to innovation and the quality of its services, the company has accelerated exponentially. Indeed, in 2021, Kyriba achieved significant milestones in corporate finance by launching its Development Portal, an initiative that offers third-party companies, such as fintechs, banks, software providers, and service providers, the opportunity to use APIs anddevelop applications directly on the Kyriba platform.
Since then, Kyriba has been recognized as the undisputed leader in Enterprise Liquidity Management (ELM), a fast-growing category of enterprise software. Capitalizing on this leadership position, Kyriba is committed to accelerating the deployment of technology solutions dedicated to ELM, with the aim of helping Chief Financial Officers (CFOs) and General Managers establish active, global management of their liquidity, thus creating a considerable strategic advantage for their companies.
Building on this progress, the company has transformed its Application Store into an App Marketplace as of 2022. This evolution enables Kyriba customers to create a personalized financial environment by combining the platform's key functionalities with available third-party applications.
Kyriba's impressive financial performance
Kyriba's financial performance played a key role in the company's meteoric rise to market prominence. The company has attracted the attention of investors and venture capitalists, leading to several successful fundraisings. Among the most recent is majority investor Bridgepoint, which led the latest fundraising in 2019 to the tune of $160 million.
It was during this same period that Kyriba achieved a spectacular valuation of $1.2 billion, reflecting investor confidence in its solid business model and long-term growth potential.
In addition to its impressive valuation, Kyriba has recorded steadily increasing revenues, with an average annual growth rate of around 30% in recent years, testifying to its ability to seize market opportunities.
Kyriba: Key information
Number of employees
With offices all over the world, Kyriba has a diverse, multicultural team!
Sales figures
To date, Kyriba handles over 1.3 billion banking transactions a year and processes 250 million payments with a total value of $15 trillion a year.
The stock market
Recent valuation of $1.2 billion
Scalability
Kyriba is a recognized leader in cloud-based treasury and financial management software and solutions, with over 2,500 customers and 80,000 users in 100 countries.
CEO mantra/quotes
"The future of finance is about executing your data strategy. Every CFO has become, in effect, a Chief Data Officer and needs tools and processes to leverage data to make more informed and effective decisions. AI, APIs and analytics are essential to realizing this data strategy." Kyriba team tells Invoice Finance News.
