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Rize raises $11.4m in Series A funding

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.

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