Alviere raises USD 70 million

Wednesday 13 October 2021 11:21 CET | News

US-based embedded finance platform Alviere has announced the raising of USD 70 million in new funding to accelerate the go-to-market plans and expansion beyond North America.

In April 2021, Alviere closed a USD 20 million Series A led by Viola Ventures and Viola Fintech, with the participation of CommerzVentures, Mitsubishi Capital Corporation, Capital, Draper Triangle Ventures, Cross River Bank Capital, CERCA Partners and more.

With the momentum Alviere has seen in the adoption of The HIVE, its embedded finance platform, the company added another USD 50 million investment in a follow-on Series B. This latest round was led by institutional fintech investors and includes the participation of existing investors Viola Ventures, Viola Fintech and CommerzVentures, as well as Cleveland-based, North Coast Ventures. This round also includes Opera Tech Ventures, the VC arm of BNP Paribas.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: funding, embedded finance, expansion, fintech
Categories: Payments & Commerce | Payments General
Countries: United States
This article is part of category

Payments & Commerce