Blockchain payment company Riva has completed a $3 million seed round financing, led by Project A

ChainCatcher news, global payment company Riva Money announced the completion of a $3 million seed round financing, led by Project A, with participation from individual investors from Revolut, Monzo, and J.P. Morgan.

Riva optimizes cross-border payment processes through blockchain technology and stablecoins, aiming to reduce costs, accelerate settlements, and provide better exchange rates. The company was co-founded by former Revolut and Wise executives Niklas Hoejman and Mahendra Katoch, and is applying for UK and EU payment institution licenses as well as MICA and VASP licenses to advance its global compliance strategy.