bp invests €10 million in, in-vehicle fintech company, ryd

bp ventures is investing €10 million in Europe’s leading in-car digital payments provider, ryd. The company offers a convenient single digital payment solution for drivers, for services such as fuel purchases, electric vehicle (EV) charging and car washing, via its app or through integration with smart car systems.

bp’s investment will help ryd strengthen its market-leading position, grow into new international markets, and further build its offering. Its ecosystem already covers a wide range of car brands, apps and payment networks and is in use across several European markets.

ryd aims to meet the growing consumer demand for digital payments and the integrated experience that they can deliver.

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