Techub News reports that the hybrid payment platform Rise Labs has completed a $6.3 million Series A funding round, led by Draper Associates, with participation from Polymorphic Capital, DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital. Following this funding round, its total funding has reached $10 million.
According to reports, Rise Labs primarily develops hybrid payment infrastructure that integrates fiat currency, stablecoins, and cryptocurrencies. Currently, Rise has over 150 clients and more than 100,000 contractors, with its clientele including traditional businesses, Web3 companies, as well as DAOs, protocols, and platforms.