- Unbox (Belgium):
- Belgium-based fintech Unbox has secured a €12 million Series A funding round led by HSBC Asset Management.
- Unbox, founded in 2020, is a software company enabling firms to efficiently distribute and track value, cashflows, and funding.
- The funds will be used to expand its software platform, serve target markets better, and provide technology solutions for flagship and industry-led projects. A significant portion of the funding will go towards talent recruitment and team development.
- Rivero (Switzerland):
- Swiss fintech start-up Rivero has raised $7 million in a Series A funding round led by 6 Degrees Capital and Inference Partners.
- Founded in 2019, Rivero aims to simplify payment operations, offering fraud recovery, dispute management, and payment scheme compliance solutions through its SaaS products.
- The funding will be used to accelerate growth in new markets, boost product development, and expand the workforce.
- ProjectPay (UK):
- UK-based ProjectPay, a construction project payment platform, has secured over £700,000 in grants from Innovate UK.
- ProjectPay addresses cashflow shortages in the construction sector, aiming to mitigate payment default risks for small businesses and debt providers.
- Ryft (UK):
- UK-based payments platform Ryft has secured an undisclosed sum as a grant from Innovate UK under the ‘Innovation within Professional and Financial Services’ tender.
- The grant will support Ryft in expanding into new markets and improving existing payment platform offerings. Funds will also be used for team expansion and product development.
European fintech funding round-up: Unbox, Rivero, ProjectPay & Ryft
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