Rivero, a Zurich, Switzerland-based payment technology provider, raised $7M in Series A funding.
The round was led by 6 Degrees Capital and Inference Partners, with participation from Kraken Ventures, Seed X Liechtenstein, PostFinance and angel investor and former COO of Adyen, Robert Kraal, together with a list of payment executives.
The company intends to use the funds to accelerate its growth across new markets and boost its product development and workforce.
Founded in 2019 and led by CEO Thomas Müller, Rivero focuses on simplifying payment operations, for all players in the ecosystem, such as issuing and acquiring banks. It provides:
- Kajo, which simplifies the process of navigating current and upcoming compliance obligations with payment networks, and
- Amiko, which provides a solution to manage fraud recovery and dispute processes end-to-end digitally.
Commenting on the news, Thomas Müller said: said: “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.” Fatemeh Nikayin, co-founder, added, “This funding represents more than financial support; it’s a partnership with investors who understand and resonate with our vision and global ambitions.“
FinSMEs
11/01/2024