EV charging payment made easy: BP Ventures pumps €10M in German in-car fintech ryd - UKTN (UK Technology News

London-based bp ventures is best known for investing in private, high-growth, game-changing technology companies. Today, the venture capital fund of bp ventures announced that it has invested 10 million (nearly 8.6 million) in German in-car digital payments provider ryd.

Supports ryd’s expansion across Europe

bp’s investment will help ryd strengthen its market-leading position, grow into new international markets, and further build its offering. Already, its ecosystem covers a wide range of car brands, apps, and payment networks and is in use across several European markets. With this investment and a partnership with ryd, bp eyes to learn and benefit from the app’s secure, scalable and flexible digital payment options. Eventually, it will be able to expand the digital payment opinions for bp customers in Europe.

Already, bp offers digital payment options in the UK and the Netherlands via its BPme app. ryd will enable bp’s digital customer offer to expand rapidly into additional European markets.

Alex Jensen, bp’s senior vice president mobility and convenience, Europe and Southern Africa at bp, said: “In-car digital payments are an integral part of the seamless and convenient experience that customers increasingly expect at our retail sites. ryd’s technology can help deliver just that, and for an increasing range of services. Our investment and partnership will help bp provide these digital services more widely across Europe, making our customers’ experience easier and...



Read Full Story: https://www.uktech.news/news/bp-ventures-invests-in-ryd-20210907

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