TechFlow news, November 21 — Hybrid payment platform Rise Labs announced the completion of a $6.3 million Series A funding round, bringing its total funding 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 Paradigm Shift Capital.
Rise provides hybrid payment infrastructure integrating fiat, stablecoins, and cryptocurrencies, and currently serves over 150 clients and more than 100,000 contractors. Its client base includes traditional businesses, Web3 companies, decentralized autonomous organizations (DAOs), protocols, and platforms.
Rise’s platform enables enterprises to make global payments using local currencies and stablecoins while ensuring compliance with international tax regulations and employment laws.
