SunBridge Partners has sold its hold in treasury management solution Kyriba Japan, following the company’s recent investment from Bridgepoint.
Kyriba Japan is a joint venture between Kyriba and Sunbridge and was created in 2012 to support businesses in the country.
In their time working together, Sunbridge helped Kyriba launch its operations in Japan, identify potential customers, and support various growth iterations of the business. The company formed a deep partnership with the company to foster its growth and success in the country.
Kyriba recently received a $160m growth round investment which was led by global buyout house Bridgepoint – the private equity firm now owns a majority stake in Kyriba. The deal valued the RegTech company at $1.2bn, with plans for the capital being earmarked for product innovation.
Other participants to the round were existing backers Daher Capital, and Iris Capital.
Kyriba is a cloud-based solution for cash and risk management, payments and working capital optimisation. The SaaS platform gives an integrated tool suite which can streamline various processes. Protect against fraud and financial risk and accelerate growth rate through opportunities.
Based in San Diego, the company gives CFOs with a single dashboard to manage currency risk, gain visibility of FX exposure, deeper insights on currency impacts and solutions to protect earnings and assets from currency volatility.
Kyriba CEO Jean-Luc Robert said, “SunBridge Partners has been an invaluable partner in Japan; accessing their broad network of contacts and customers, an extensive understanding of the Japan market, and the ability to know what local customers demand from their software suppliers have all been critical to our success in Japan to date.
“SBP’s support, proactive assistance and valuable insights were key to the success of our engagement together.”
Last year, the RegTech formed a strategic partnership with foreign exchange WorldFirst to improve international payment experiences on the global trade. Together they streamline payment processes, accelerate transparency of cross-border payments and lower transfer fees.
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