Embedded Finance Firm Alviere Raises US$70 Million in Funding

Embedded Finance Firm Alviere Raises US$70 Million in Funding

Alviere, a New York-based embedded finance platform offering single-integration plug and play software services, announced that it had raised US$70 million of new funding.

This latest round includes the participation of existing investors Viola Ventures, Viola Fintech and CommerzVentures, as well as Cleveland-based, North Coast Ventures.

Other participants in the round include Opera Tech Ventures and the VC arm of BNP Paribas.

This capital will be used to accelerate Alviere’s go-to-market plans as well as expand beyond North America to Europe and Latin America.

In April, Alviere closed a US$20 million Series A led by Viola Ventures and Viola Fintech, with the participation of CommerzVentures, Mitsubishi Capital Corporation, Wix.com Capital, Draper Triangle Ventures, Cross River Bank Capital, CERCA Partners and more.

The company added another US$50 million investment in a Series B after that.

Yuval Brisker

Yuval Brisker

Yuval Brisker, CEO and co-founder of Alviere said,

“With Alviere’s industry leading technology and expertise, brands who never considered the idea, can now launch a highly lucrative, immediately profitable new line of business.

 

Our embedded finance solution can easily and quickly deliver ‘everything personal finance’ to your customers, deepening customer relationships and insights while dramatically increasing bottom line revenue.”

 

This article first appeared on Fintech News Switzerland

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