Alviere Raises $70M in Funding

Alviere, a NYC, Denver, CO and Lisbon, Portugal-based embedded finance platform enabling any brand to deliver financial products and services to its customers and employees, raised $70m in funding.

This included:

  • $20m Series A led by Viola Ventures and Viola Fintech, with participation from CommerzVentures, Mitsubishi Capital Corporation, Capital (NYSE: WIX), Draper Triangle Ventures, Cross River Bank Capital, CERCA Partners and more.  
  • $50m investment in a follow-on Series B with participation from existing investors Viola Ventures, Viola Fintech and CommerzVentures, as well as Cleveland-based, North Coast Ventures, as well as Opera Tech Ventures, the VC arm of BNP Paribas.

The company intends to use the capital to accelerate its go-to-market plans as well as expand beyond North America to Europe and Latin America. 

Led by Yuval Brisker, CEO and co-founder, Alviere provides a complete embedded finance platform empowering brands to offer financial services to their customers. Its future-proof platform and associated services allows any business to launch a new financial services line of business to increase profits, deepen customer relationships and insights, and increase satisfaction and retention. 

The financial services that its platform, HIVE, enable brands to embed in their business include: Direct Deposit FDIC-Insured Checking and Savings Bank Accounts Debit, Credit, Prepaid CardsGift CardsLoyalty SolutionsPayment Services Cash Pickup and DepositDomestic and International Money Transfer (Peer-to-peer remittance and beyond) Currency Exchange.