The hybrid payment platform Rise Labs has completed a $6.30 million Series A financing round, with participation from DCG and others.

According to Deep Tide TechFlow, on November 21, the hybrid payment platform Rise Labs announced the completion of a $6.30 million Series A financing, bringing its total funding to $10 million. This round was led by Draper Associates, with Polymorphic Capital co-leading, and participating investors included DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital.

It is reported that Rise provides a hybrid payment infrastructure that integrates fiat currencies, stablecoins, and cryptocurrencies, currently serving over 150 clients and more than 100,000 contractors. Its clients include traditional enterprises, Web3 companies, decentralized autonomous organizations (DAOs), protocols, and platforms.

The Rise platform supports businesses in making global payments using local currencies and stablecoins while ensuring compliance with international tax regulations and employment laws.