Alviere Raises $70M in Funding
Summary
Alviere, a NYC, Denver, CO and Lisbon, Portugal-based embedded finance platform enabling any brand to deliver financial products and services to its customers and employees, raised $70m in funding. • $20m Series A led by Viola Ventures and Viola Fintech, with participation from CommerzVentures, Mitsubishi Capital Corporation, Wix.com Capital (NYSE: WIX), Draper Triangle Ventures, Cross River Bank Capital, CERCA Partners and more. Led by Yuval Brisker, CEO and co-founder, Alviere provides a complete embedded finance platform empowering brands to offer financial services to their customers. Its future-proof platform and associated services allows any business to launch a new financial services line of business to increase profits, deepen customer relationships and insights, and increase satisfaction and retention. The financial services that its platform, HIVE, enable brands to embed in their business include: Direct Deposit FDIC-Insured Checking and Savings Bank Accounts Debit, Credit, Prepaid CardsGift CardsLoyalty SolutionsPayment Services Cash Pickup and DepositDomestic and International Money Transfer (Peer-to-peer remittance and beyond) Currency Exchange.
Funding
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