Kyriba, a US-based provider of software to assist treasury departments, has received an undisclosed amount of funding from corporate venturing units Mistubishi UFJ Capital and Mizuho Capital.
Kyriba, formed in 2000, is the creator of Proactive Treasury Management software that helps treasury departments leverage growth while planning for market volatility or fraud.
The investors, the venture capital subsidiaries of banks Mitsubishi UFJ and Mizuho, provided the cash as a strategic investment, and Kyriba will use it to support expansion into Japan and other Asian markets.
Jun-ichiro Kuwano, managing director of Kyriba Japan, said: “This investment from Mitsubishi UFJ Capital and Mizuho Capital will enable us to accelerate our growth and continue to reinforce our position as the leader in cloud-based treasury management solutions.”
The company had previously raised $35.9m across four rounds between 2009 and 2013 from Daher Capital, Bred Banque Populaire and Iris Capital, the venture capital firm backed by telecommunications company Orange and marketing firm Publicis.
Investors including payment services provider American Express, Upfront Ventures and Mangrove Capital Partners previously invested $10m in Kyriba in 2001, according to financial data source PrivCo.