Zurich-based payment fintech Rivero bags €6.3 million Series A to fill a gap in the market for fraud recovery
Summary
Rivero, a European fintech specialising in digitalisation and automation of payment processes, announced today that it has raised €6.3 million in a Series A round. We take this as confirmation of our strong business model and clear market demand for our products.” Fatemeh Nikayin, co-founder, added: “This funding represents more than financial support; it’s a partnership with investors who understand and resonate with our vision and global ambitions.” Founded in 2019, Rivero is a fast-growing European fintech. The fintech’s competitive edge is reflected in its two unique SaaS product offerings, which are focused on making costly and manual payment operations seamless. Amiko empowers banks to promote consumer protection of card payments to their customers without being concerned with increasing volume or costs. Thibault D’hondt, Partner at 6 Degrees Capital, commented: “Globally, banks spend billions of dollars on scheme compliance and payment dispute management.
Funding
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