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Rivero raises USD 7 million in Series A

Thursday 11 January 2024 13:48 CET | News

Switzerland-based Rivero, a fintech specialising in digitalisation and automating payment processes, has raised USD 7 million in a Series A round. 

The investment is projected to help Rivero accelerate its growth across new markets and boost its product development and workforce. The round was led by 6 Degrees Capital and Inference Partners, with participation from Kraken Ventures, Seed X Liechtenstein, the venture arm of PostFinance, Adyen, and a long list of payment executives.

Rivero, a fintech specialising in digitalisation and automating payment processes, has raised USD 7 million in a Series A round

 

A global player for payment operations

Rivero is a fintech company that aims to simplify payment operations for the highly regulated payments industry. Its two SaaS product offerings, Kajo and Amiko, cater to all players in the payment ecosystem, with a particular focus on issuing banks. Kajo, a solution for payment scheme compliance, enables all licensees of payment networks to minimise the effort and risks involved in this process. Amiko, on the other hand, is a SaaS solution that digitalises the entire fraud recovery and dispute process, helping issuing banks manage this process efficiently while offering a self-service experience to their customers.

According to the official press release, since its go-to-market, Rivero has secured partnerships with over 20 well-established financial institutions, ranging from issuing banks to acquiring banks and payment processors. Among that, in 2022 Rivero was selected for the Visa Fintech Partner Connect program, providing the company with access to a selection of trusted technology partners.

Commenting on the announcement, Rivero stated that, given the current challenging market conditions, this funding represents more than financial support, but rather a partnership with investors who understand and resonate with the company vision. In response, 6 Degrees Capital official who invested in Rivero, expressed their confidence in the company's potential to become a global player in payment operations.

More about 6 Degrees Capital

UK-based 6 Degrees Capital is a venture capital firm that invests in fintech and SaaS companies across Europe, from Seed to Series B. Initial checking in Seed and Series A, with follow-on investments in later rounds, the investor focuses on scalable software companies and businesses with strong unit economics. Currently activating only in Europe, the company aims to expand its focus to emerging markets across Africa, Asia and Latam, where it has backed founders.

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Keywords: funding, investment, fintech, SaaS, digitalisation
Categories: Payments & Commerce
Companies: Rivero
Countries: Switzerland
This article is part of category

Payments & Commerce

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Rivero

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