PANews reported on November 21 that according to official information, the mixed payment platform Rise Labs announced the completion of a $6.3 million Series A financing round, bringing its total financing to $10 million. The investment was led by Draper Associates, co-led by Polymorphic Capital, with participation from DCG, JAM Fund, Ryze Labs and Paradigm Shift Capital.
According to the introduction, Rise is a mixed payment infrastructure that integrates fiat currency, stablecoins and cryptocurrencies. Currently, Rise has more than 150 customers and over 100,000 contractors. Its customer base includes traditional enterprises, Web3 enterprises, as well as DAOs, protocols and platforms. Rise's integrated platform supports enterprises to recruit, employ and pay global contractors and employees in local currency and stablecoins, while ensuring compliance with international tax and employment regulations.
