Rivero, a European fintech specializing in payment process automation, has successfully raised $7 million in a Series A funding round led by 6 Degrees Capital and Inference Partners to enhance its growth and product development strategies.

Information on the Target

Rivero, a European fintech establishment founded in 2019, is poised at the forefront of digital innovation aimed at streamlining payment processes. Headquartered in Zurich, Switzerland, the company aspires to revolutionize the highly regulated payments landscape by providing solutions that address critical areas such as fraud recovery, dispute management, and compliance with payment schemes. With its innovative products, Rivero caters to a diverse range of players within the payment ecosystem, with a particular focus on issuing banks.

Distinctively, Rivero offers two main SaaS products: Kajo and Amiko. Kajo serves as a unique solution for payment scheme compliance, significantly reducing both the effort and risk associated with regulatory adherence for payment network licensees. Amiko, on the other hand, digitizes the comprehensive fraud recovery and dispute process, empowering banks to enhance consumer protection and improve customer experiences without incurring additional costs.

Industry Overview in Switzerland

The fintech ecosystem in Switzerland is characterized by robust regulatory frameworks and a strong emphasis on innovation. As one of Europe's leading financial hubs, Switzerland is home to numerous established financial inst