TLDR: Swiss payments fintech Rivero has raised $7 million in a Series A funding round led by 6 Degrees Capital and Inference Partners. The funding will be used to enter new markets, as well as boost product development and increase the workforce. Rivero’s SaaS product suite focuses on fraud recovery, dispute management, and payment scheme compliance, with an emphasis on issuing banks. Since its launch in 2019, Rivero has formed partnerships with over 20 financial institutions.
Swiss payments fintech Rivero has secured $7 million in Series A funding to expand into new markets and enhance its product development and workforce. The funding round was led by 6 Degrees Capital and Inference Partners, with participation from other investors such as Kraken Ventures and Seed X Liechtenstein. Rivero, founded in 2019, offers a software-as-a-service suite that addresses fraud recovery, dispute management, and payment scheme compliance, with a specific focus on issuing banks. Over the past three years, Rivero has formed partnerships with more than 20 financial institutions, including banks and payment processors. The funding will enable Rivero to enter new markets and strengthen its product offering, supporting its growth strategy.
