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Hybrid payment platform Rise Labs completes $6.3 million Series A financing, with DCG and others participating
2024-11-21 15:36:12
Odaily News Hybrid payment platform Rise Labs announced the completion of a $6.3 million Series A financing, bringing its total financing to $10 million. The investment was led by Draper Associates, co-led by Polymorphic Capital, and participated by DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital. According to reports, Rise Labs mainly develops hybrid payment infrastructure that integrates fiat currencies, stablecoins, and cryptocurrencies. Currently, Rise has more than 150 customers and more than 100,000 contractors. Its customer base includes traditional enterprises, Web3 enterprises, as well as DAOs, protocols, and platforms. Rise's comprehensive platform supports companies to recruit, hire, and pay global contractors and employees in local currencies and stablecoins, while ensuring compliance with international tax regulations and employment laws.