Virginia based fintech-as-a-service startup raised $11.4m in Series A funding led by Alpha Edison and Morpheus Ventures.
In an interview with senior leadership, Rize told TechCrunch that it has built a compliance management system into its product, likening compliance work to logistics in the e-commerce world — something critical that is both complicated and not a task that folks relish taking on. Rize wants to alleviate a chunk of that burden, potentially smoothing the path for businesses to select its offering over those of rival banking-as-a-service players.
https://techcrunch.com/2021/09/28/rize-raises-11-4m-to-scale-its-embedded-fintech-service/