Rivero Raises $7 Million in Series A Funding to Supercharge Growth
Summary
Rivero, a European Fintech specialising in digitalisation and automation of payment processes, announced today that it has raised $7 million in a Series A round. The round was led by 6 Degrees Capital and Inference Partners, with participation from Kraken Ventures, Seed X Liechtenstein, the venture arm of PostFinance and angel investor and former COO of Adyen, Robert Kraal, together with a long list of payment executives.The investment will help Rivero accelerate its growth across new markets and boost its product development and workforce.Founded in 2019, Rivero is a fast-growing European fintech. In 2022, Rivero became the first Swiss Fintech to be selected for the Visa Fintech Partner Connect programme, a prestigious, game-changing initiative that provides the company with access to a selection of best-in-class and trusted technology partners.Commenting on the Series A round, Thomas M\xfcller, co-founder and CEO of Rivero, said: Were thrilled to share the news of our Series A round. We have been truly impressed with the exceptional vision of the management and believe this investment will allow Rivero to become a global market leader for payment operations.Endre Sagi, General Partner of Inference Partners, said: The value chain of payments is highly fragmented, and while there are initiatives to address this challenge on the acquiring side, the issuing side has seen much less innovation. Quality businesses that scale exponentially and are led by extraordinary entrepreneurs.Inference Partners is a thesis-driven venture capital firm dedicated to investments in IT infrastructure software companies.