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Blockchain Payment Company Riva Completes $3 Million Seed Round Financing, Led by Project A

Summary: Global payment company Riva Money announced the completion of a $3 million seed round financing, led by Project A, with individual investors from Revolut, Monzo, and J.P. Morgan also participating. Riva utilizes blockchain technology and stablecoins to optimize cross-border payment processes, aiming to reduce costs, expedite settlements, and offer more favorable exchange rates. The company ...

Global payment company Riva Money announced the completion of a $3 million seed round financing, led by Project A, with individual investors from Revolut, Monzo, and J.P. Morgan also participating. Riva utilizes blockchain technology and stablecoins to optimize cross-border payment processes, aiming to reduce costs, expedite settlements, and offer more favorable exchange rates. The company was co-founded by former Revolut and Wise executives Niklas Hoejman and Mahendra Katoch, and is currently applying for UK and EU payment institution licenses, as well as MICA and VASP licenses, to advance its global compliance strategy.

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