Embedded Finance Platform Alviere Secures $70m in Funding

Fazzaco learned that New York-based fintech start-up Alviere has secured $70 million across two funding rounds. The firm secured $20 million in Series A funding round in April led by Viola Ventures and Viola Fintech. It secured $50 million in Series B funding round this month with participation from existing investors Viola Ventures, Viola Fintech, CommerzVentures and North Coast Ventures as well as Opera Tech Ventures.

The latest funding will strengthen Alviere's go-to-market strategy as well as fuel its expansion beyond North America to Europe and Latin America.

Alviere's embedded finance platform 'The HIVE' allows companies to embed financial services including bank accounts, debit and credit cards and money transfers into their businesses.

Alviere CEO and co-founder Yuval Brisker said, "Our decentralised offering means brands can easily launch a new line of financial services through a single API."