The mixed payment platform Rise Labs has completed a $6.3 million Series A financing, led by Draper Associates

according to official sources, the hybrid payment platform Rise Labs has announced the completion of a $6.3 million Series A funding round, bringing its total funding to $10 million. The investment was led by Draper Associates, with Polymorphic Capital co-leading, and participation from DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital.

It is reported that Rise is a hybrid payment infrastructure that integrates fiat currencies, stablecoins, and cryptocurrencies. Currently, Rise has over 150 clients and more than 100,000 contractors. Its client base includes traditional businesses, Web3 companies, as well as DAOs, protocols, and platforms. Rise's comprehensive platform enables businesses to recruit, hire, and pay global contractors and employees in local currencies and stablecoins, while ensuring compliance with international tax regulations and employment laws.