Information by Revolut and Wise Alumni, the cross-border money transfer startup based on the blockchain, Riva Money, raised a pre-party cycle of project A as well as Revolut, Monzo and JPMorgan angels.
Editorial
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Riva was founded by Niklas Hoejman and Mahendra Katoch, who previously worked at Revolut and Wise, as well as Goldman Sachs and Citigroup.
Their startup applies blockchain technology – with stablescoins as a key application – to the food infrastructure for international payments. According to what is most effective for the customer, transfers will be sent either via rails based on blockchain, or via traditional fiat-fiat rails.
The co-founder and CEO Hoejman, says: “By combining blockchain technology with a robust regulatory framework, we create a solution that offers businesses the speed, transparency and profitability they need to prosper in the interconnected economy today.”
In a first step, Riva is currently obtaining authorization as a payment institution across the United Kingdom and the EU, as well as the Mica and VSP licenses in the EU and Switzerland.
Hoejman claims that new funding will also be used to extend its engineering team in preparation for a global deployment through Europe, Asia and North America.
