FundraiseOct 14, 2026, 07:23 UTC

Rivero lands Series A backing from Raiffeisen's Elevator Ventures to grow in Europe

What's the deal? Zurich-based Rivero, a payment operations technology company, has secured a Series A investment from Elevator Ventures, the corporate venture capital fund of Raiffeisen Bank International (RBI). The round was announced in October 2026.

What's the endgame? Founded in 2019, Rivero builds technology that helps banks and financial institutions automate complex payment processes. Its product suite includes Kajo, a platform for payment network compliance, and Amiko, which uses agentic AI to automate dispute management and fraud recovery.

Why now? Banks face increasingly complex payment processes, regulatory requirements, and fraud-related challenges. By automating manual workflows, Rivero aims to help institutions cut operational workloads, improve compliance, and recover funds more efficiently.

What's the money for? Rivero will continue developing its technology and strengthening relationships with financial institutions in existing and new markets. Elevator Ventures, which invests across the DACH and CEE regions, is expected to help it reach more banks through its network.

The signal: "We see a strong fit between Rivero's ambitions and our experience and network across European banking," said Maximilian Schausberger, managing director at Elevator Ventures. The backing reflects growing demand for tools that help regulated institutions handle rising payments complexity.