Swiss payment technology house Rivero has raised $7 million in Series A funding to step into new markets and boost its product development and workforce.
The round was led by 6 Degrees Capital and Inference Partners, with participation from Kraken Ventures, Seed X Liechtenstein, the venture arm of PostFinance and angel investor and former COO of Adyen, Robert Kraal, together with a list of payment executives.
Founded in 2019, Rivero's Saas product suite fills a gap in the market for fraud recovery, dispute management and payment scheme compliance, with a particular focus on issuing banks.
In the three years since its go-to-market, Rivero has secured partnerships with over 20 financial institutions, ranging from issuing banks to acquiring banks and payment processors.
Commenting on the Series A round, Thomas Müller, co-founder and CEO of Rivero, saiys: “We're thrilled to share the news of our Series A round. Especially given the current challenging market conditions. We take this as confirmation of our strong business model and clear market demand for our products.”
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- Source: https://www.finextra.com/newsarticle/43519/swiss-payments-fintech-rivero-raises-7-million?utm_medium=rssfinextra&utm_source=finextrafeed
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