Rivero, a Zurich, Switzerland-based fintech company has raised $7 million in a Series A funding.
SaaS Investors
The round was led by 6 Degrees Capital and Inference Partners.
6 Degrees Capital is an early-stage VC fund based in London. It invests in startups from Seed to Series B across Fintech and SaaS.
Founded in 2021, Inference Partners is a venture capital firm based in London, United Kingdom. The firm focuses on the early-stage infrastructure software business.
Rivero Use of Funds
The company will use the funds to expand its product development and workforce.
About Rivero
Rivero was founded in 2019 and focuses on simplifying payment operations for the regulated payments industry. Riveri offers a SaaS solution for fraud recovery, dispute management, and payment scheme compliance. Its products include Kajo, a solution that allows all licensees of payment networks to reduce their efforts and risks, and Amiko, which offers a self-service experience to customers during fraud recovery and dispute management. The company has partnerships with more than 20 established financial institutions.
Funding Details
Company: Rivero AG
Raised: $7.0M
Round: Series A
Funding Month: January 2024
Lead Investors: 6 Degrees Capital and Inference Partners
Additional Investors:
Company Website: https://rivero.tech/
Software Category: Financial
Source: https://tech.eu/2024/01/11/rivero-raises-7m/