Rize Money Inc., a fintech infrastructure platform, raised $11.4 million Series A funding led by Alpha Edison and Morpheus Ventures.
Existing backers include Rucker Park Capital, Walkabout Ventures, Raptor Group, Revolution's Rise of the Rest Seed Fund, Third Prime, Red & Blue Ventures, and Graham Holdings.
This funding will allow Rize to scale their team and enhance their core product to further support the needs of their clients. Other projects include further enhancing client experience tools in areas like compliance, fraud monitoring, and enhanced security.
Additionally, the investment will power product launches crossing into new verticals such as brokerage, small business banking, crypto, and credit powered by their Synthetic Core.
Company: Rize Money Inc.,
Raised: $11.4M
Round: Series A
Funding Month: September 2021
Lead Investors: Alpha Edison and Morpheus Ventures
Additional Investors: Rucker Park Capital, Walkabout Ventures, Raptor Group, Revolution's Rise of the Rest Seed Fund, Third Prime, Red & Blue Ventures, and Graham Holdings
Company Website: https://rizefs.com/
Software Category: fintech infrastructure platform
About the Company: Rize is a fintech infrastructure platform that provides fintechs and non-financial companies access to all of the tools they need to efficiently build, launch, and scale new financial products and services via one API. Open DDA accounts via our sponsor bank and get access to transaction processing, card issuance, payment rails, and compliance tools all in one seamlessly integrated platform. Rize describes itself as a one-stop shop for everything fintech builders need to build, launch and scale new financial products with minimal effort.
Source: https://www.prnewswire.com/news-releases/rize-secures-11-4m-series-a-led-by-alpha-edison-and-morpheus-ventures-to-help-fintech-builders-build-flexible-financial-products-301387137.html