Hybrid payment platform Rise Labs completes $6.3 million Series A financing, with DCG and others participating

According to the news from Mars Finance, the mixed payment platform Rise Labs has announced the completion of a $6.3 million Series A financing round, bringing its total financing to $10 million. The round was led by Draper Associates and co-led by Polymorphic Capital, with participation from DCG, JAM Fund, Ryze Labs, and . Rise provides a blended payment infrastructure that integrates fiat currencies, stablecoins, and cryptocurrencies, and currently has over 150 clients and more than 100,000 contractors. Its clients include traditional enterprises, Web3 companies, decentralized autonomous organizations (DAOs), protocols, and platforms. Rise's platform supports enterprises to make global payments using local currencies and stablecoins, while ensuring compliance with international tax and employment regulations.