The $1bn financing round was supported by a consortium of global investors led by firms such as Altimeter and GIC.
"At our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3,"
The investment from BGF will be used to accelerate product development and international growth.
"At KYND, we are on a mission to provide the increasingly-vital cyber risk management tools to radically simplify and improve the cyber insurance process. Our industry-first API-based platform, which provides meaningful risk insights, is making the cyber-insurance market more efficient and well-equipped to deal with the deluge of attacks facing small and mid-market companies."
The investment round was led by Nigel Wray alongside existing backer Lord Stanley Fink.
"With hundreds of billions of new beauty dollars up for grabs online over the next five years, brands are looking for a digital advantage. We provide that advantage and we are investing further to help our clients secure more attention and sales online."
Silicon Valley Bank provided the venture debt financing to support the company as it targets further growth.
"Arctic Shores is an exciting Manchester-based innovation company, and it has been great to be able to support them on their impressive journey of rapid growth. We look forward to a continued partnership with the team as they look to scale further."