RISE Financial Technologies secures $3.5M

Funding Rounds

▤ Summary

RISE engineers and delivers enterprise software for more efficient and better-controlled processing of traditional and tokenised securities in the global capital markets. The software is operated by a network of regulated financial institutions, lowers barriers of market entry, optimizes their interaction models, mutualizes the cost of data management and cost of sales, and unlocks network effects that drive top-line revenue growth for institutions. The collective acts as a new trusted entity in the market that challenges incumbents not leveraging the network and held back by outdated and rigid service bundles and technologies.“ said Thorsten Peisl, CEO of RISE. The team has gained traction with large institutions to support the development and operate its industry-compliant software in the initial target jurisdictions including the US and UK market; RISE is collaborating with and eager to bring in both niche service providers and large incumbents as part of the solution’s implementation. “RISE plays a key role in our portfolio to modernize the existing capital markets towards the future of tokenization” RISE will use this funding to accelerate business and software development in Europe and the US with new hires in its London headquarters and an additional footprint in central Europe within the next twelve months.

$ Funding

$
Amount $3.5M Total raised
□
Date September 10, 2019 Announcement date
◎
Investors Mendoza Ventures, Coparion, blufolio Lead investors
▥
Company http://www.rise-technologies.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
No applications detected

◇ AskAI Classifications

Labels
Fintech Financial Software SaaS

▦ Linked Companies