Belgium-based fintech start-up Unbox has raised €12 million in a Series A funding round led by HSBC Asset Management. Switzerland-based fintech start-up Rivero has raised $7 million in a Series A funding round led by 6 Degrees Capital and Inference Partners. UK-based ProjectPay has secured over £700,000 in grants from Innovate UK. UK-based payments platform Ryft has secured an undisclosed grant from Innovate UK.
Belgium-based start-up Unbox has raised €12m in a Series A funding round led by HSBC Asset Management. Unbox plans to expand its software platform to better serve its target markets and provide technology solutions for flagship and industry-led projects. It will also use the funding to recruit new talent and develop its existing team members.
Swiss fintech start-up Rivero has raised $7m in a Series A funding round led by 6 Degrees Capital and Inference Partners. Rivero aims to simplify payment operations and offers fraud recovery, dispute management, and payment scheme compliance solutions. The funding will be used to accelerate growth, develop new markets, and expand the workforce.
UK start-up ProjectPay has secured over £700,000 in grants from Innovate UK to scale up its offering. ProjectPay is a construction project payment platform that aims to address cashflow shortages in the construction sector. With its patented platform, ProjectPay aims to mitigate payment default risks for small businesses and debt providers.
UK-based payments platform Ryft has received an undisclosed grant from Innovate UK under the ‘Innovation within Professional and Financial Services’ tender. The grant will be used to expand the company into new markets and develop its product offerings. Some funds will also go towards expanding the team.