Revolut and Wise Veterans Raise £2.2m for Startup Riva Money

Riva Money Raises $3M Pre-Seed to Streamline Cross-Border Payments - Fintech Schweiz Digital Finance News - FintechNewsCH

Riva Money, a London-based blockchain payments firm, has secured US$3 million in a pre-seed funding round led by Project A, with participation from individual investors from Monzo, JP Morgan, and Revolut. The company was founded by former Revolut and Wise executives Niklas Hoejman and Mahendra Katoch, who have also worked at Goldman Sachs and Citigroup. Drawing on their experiences with global payment services, they aim to reduce the time and co…

Revolut and Wise veterans raise £2.2m for startup Riva Money

A London-based startup founded by FinTech veterans from the powerhouses of Revolut, Wise and Goldman Sachs has raised £2.2m to tackle slow and expensive cross-border payments. Riva Money, a global payments firm using blockchain technology to streamline money transfers, saw the investment round led by Project A, with backing from angels linked to Revolut, Monzo and JP Morgan. The business is aiming to shake up the legacy infrastructure behind int…

Revolut and Wise Alumni Launch Blockchain Payments Startup with $3 Million Funding | Fintech InShorts: Latest fintech news, analysis by experts

Innovative Payments Solution Aims to Revolutionize Financial Transactions Highlights: Revolut and Wise alumni have raised $3 million for their new startup. The startup focuses on blockchain technology to improve payment systems. The funding will be used for development and market expansion. A new startup founded by alumni from Revolut and Wise has successfully raised $3 million in funding to create a revolutionary blockchain-based payments solu…

New fintech from Wise and Revolut alumni scores £2m investment

Riva Money, a new cross-border payments fintech founded by alumni from Wise and Revolut, has raised $3m (£2.2m). Founded earlier this year, Riva Money is aiming to use blockchain technology to streamline the process of international payments. The company’s stated mission is to address the high costs and slow settlement times associated with cross-border transactions. Though co-founders Niklas Hoejman and Mahendra Katoch have worked at fintechs t…