Hybrid payment platform Rise Labs completes $6.3 million in Series A financing
On November 21, hybrid payment platform Rise Labs announced that it had completed a US$6.3 million Series A financing, led by Draper Associates, co-led by Polymorphic Capital, and participated by DCG, JAM Fund, Ryze Labs and Paradigm Shift Capital. According to reports, Rise Labs mainly develops a hybrid payment infrastructure that integrates fiat currencies, stablecoins and cryptocurrencies. Currently, Rise has more than 150 customers and more than 100,000 contractors. Its customer base includes traditional enterprises, Web3 enterprises, as well as DAOs, protocols and platforms.
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