European fintech Rivero secures $7 million in Series A funding

Swiss payments fintech startup Rivero has raised $7m in a seed funding round. The company provides payment scheme compliance and fraud recovery solutions for banks and other financial institutions. Rivero’s products include Kajo, a compliance solution for payment schemes, and Amiko, a digital fraud recovery and dispute process solution. The company plans to use the funding to further develop its products and expand into new markets. Rivero has already secured partnerships with over 20 financial institutions since its launch in 2019.

Key takeaways:

• Swiss payments fintech Rivero has raised $7m in a seed funding round led by 6 Degrees Capital and Inference Partners.
• The company provides payment scheme compliance and fraud recovery solutions for banks and other financial institutions.
• Rivero plans to use the funding to further develop its products and expand into new markets. It has already secured partnerships with over 20 financial institutions since its launch in 2019.