Blockchain payments firm Riva completes $3 million seed round led by Project A
2025-08-12 04:24:07
Global payments company RivaMoney announced the completion of a $3 million seed round led by ProjectA, with participation from individual investors from Revolut, Monzo and J.P. Morgan. Riva uses blockchain technology and stablecoins to optimize the cross-border transfer process, aiming to reduce costs, speed up settlements and provide better exchange rates. The company, co-founded by former Revolut and Wise executives Niklas Hoejman and Mahendra Katoch, is applying for UK and European Union payment institution authorization and MICA and VASP licenses to advance its global compliance layout.
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