PANews November 21 news, according to official news, the hybrid payment platform Rise Labs announced the completion of a $6.3 million Series A financing, bringing its total financing amount to $10 million. The investment was led by Draper Associates, with Polymorphic Capital co-leading, and participating were DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital.
It is reported that Rise is a hybrid payment infrastructure that integrates fiat currency, stablecoins, and cryptocurrencies. Currently, Rise has over 150 clients and more than 100,000 contractors. Its client base includes traditional enterprises, Web3 companies, as well as DAOs, protocols, and platforms. Rise's comprehensive platform supports businesses in recruiting, hiring, and paying global contractors and employees using local currencies and stablecoins, while ensuring compliance with international tax regulations and employment laws.