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Hybrid payment platform Rise Labs completes $6.30 million Series A financing

On November 21st, hybrid payment platform Rise Labs announced the completion of the $6.30 million A round of financing, led by Draper Associates, co-led by Polymorphic Capital, and participated by DCG, JAM Fund, Ryze Labs and Paradigm Shift Capital. According to reports, Rise Labs mainly develops hybrid payment infrastructure that integrates fiat, stablecoin and cryptocurrency. Currently, Rise has more than 150 customers and more than 100,000 contractors. Its customer base includes traditional enterprises, Web3 enterprises, as well as DAOs, protocols and platforms.