Riva Money collected $ 3 million in a pre-series financing cycle to support the global deployment of its technology fueled by blockchain that ease global money transfers.
The company will use new funding to deploy this solution in Europe, Asia and North America, expand its operations and add to its engineering team, according to a Tuesday August 12) Press release sent by e-mail to Pymnts.
Riva was created earlier this year and now invites companies to join its waiting list, according to A banner on his website.
Riva uses A traditional payment payment combination based on blockchain to optimize each payment Speed and cost, according to the press release.
With this solution, the company aims to modernize B2B payments by addressing the often unpleasant exchange rates and the slow settlement times associated with cross -border transfers which are routed Through banks and financial institutions, according to the press release.
Riva Powers International Payments with Blockchain technology, including stablecoins, or with Traditional Fiat in Fiat rails, according to the best option for customer money transfers, depending on their location and other circumstances, by Liberation.
The company strives to obtain authorization as a payment institution across the United Kingdom and the European Union, A The Crypto-Asets (Mica) license markets in the EU and a license in virtual asset service provider (VASP) in Switzerland, according to the press release.
“By combining blockchain technology with a robust regulatory framework, we create a solution that offers businesses the speed, transparency and profitability they need to thrive in today’s interconnected economy”, co-founder and CEO of Riva Money Niklas Hoejman said in the press release.
Cleverpartner and managing director at Project AWho led the financing tour, said in the press release that the time had come for an “infrastructure thanking” because the adoption of the stablecoin is accelerated and the regulatory managers ripen.
“Riva’s double rail system for companies elegantly resolves for speed and flexibility on a market that still depends on inherited processes,” said Posen.
The Pymnts Intelligence Report “The Treasury Management Playbook: Spotlight on cross -border payments“” found that cross -border payments undergo a revolution because new solutions offer real -time payment options and profitable with maximum visibility for sender and receivers.
