TLDR:
– Switzerland-based fintech firm, Rivero, has raised $7 million in a Series A funding round.
– The investment will accelerate Rivero’s growth in new markets and support product development and workforce expansion.
Rivero, a fintech company specializing in digitalization and automating payment processes, has raised $7 million in a Series A funding round. The investment will help Rivero accelerate its growth into new markets and support its product development and workforce expansion. The funding 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 several payment executives.
Rivero offers two SaaS products, Kajo and Amiko, which aim to simplify payment operations for the highly regulated payments industry. Kajo is a solution for payment scheme compliance, allowing payment network licensees to minimize effort and risks. Amiko, on the other hand, is a SaaS solution that digitalizes fraud recovery and dispute processes, providing efficient management for issuing banks and a self-service experience for customers.
Since its go-to-market, Rivero has formed partnerships with over 20 established financial institutions, ranging from issuing banks to acquiring banks and payment processors. In 2022, Rivero was selected for the Visa Fintech Partner Connect program, which provides access to trusted technology partners.
Rivero stated that the funding represents more than just financial support and is a partnership with investors who understand and resonate with the company’s vision. 6 Degrees Capital expressed confidence in Rivero’s potential to become a global player in payment operations.
6 Degrees Capital is a UK-based venture capital firm that invests in fintech and SaaS companies across Europe. It focuses on scalable software companies and those with strong unit economics. The firm has plans to expand its focus to emerging markets across Africa, Asia, and Latin America.
Overall, Rivero’s successful funding round will enable the company to accelerate its growth and product development, allowing it to become a global player in the payment operations industry.
