Web3 salary and compliance solution Rise Works has completed its seed round financing, led by Sino Global Capital and Polymorphic Capital

ChainCatcher news, according to Blockworks, Web3 payroll and compliance solution Rise Works has completed a seed round of financing, the amount of which has not been disclosed. Sino Global Capital and Polymorphic Capital co-led the round, with other participating investors including Draper Associates, Hashkey Capital, Paradigm Shift Capital, WW Ventures, P2P, and Cosmo Capital.

Rise Works CEO Hugo Finkelstein stated that Rise Works is a cryptocurrency-native payment processor that aims to profit from the gaps left by the bankruptcy of TradFi banking. The company aims to bridge "Web 2.5" in a way that attracts both crypto-native companies and traditional firms. The startup's payroll solution is applicable to both fiat and cryptocurrency-based treasuries and their corresponding internal accounting systems. (Source link)