Riva Money
Overview
Riva Money is a fintech startup focused on innovating global money transfers through a blend of blockchain and traditional banking infrastructures. Founded in 2025 by Niklas Höjman and Mahendra Katoch, the company aims to make cross-border B2B payments instant, transparent, and cost-effective. Riva Money is based in London and has effectively raised significant pre-seed funding to develop its stablecoin-based solutions and expand internationally.
Recent Developments
- August 2025: Riva Money raised $3 million in pre-seed funding led by Project A, alongside seasoned angel investors affiliated with Monzo and J.P. Morgan. The funds will be used for product development and enhancing its payment systems' global rollout.
- July 2025: The company welcomed Fredrik Klingvall as Head of Finance to bolster its strategic growth and operational scalability.
- June 2025: Riva’s co-founders undertook significant directorial adjustments to align with their growing organizational needs and strategic direction.
- May 2025: Riva Money embarked on securing licenses as a payment institution in the UK and EU and sought MICA and VASP licenses to ensure regulatory compliance across Europe and Switzerland.
- April 2025: The company focused on constructing a dual-rail payment system, integrating both blockchain-based technologies and traditional payment channels to optimize cost and efficiency.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2025 |
| Headquarters | London, United Kingdom |
| Founders | Niklas Höjman, Mahendra Katoch |
| Revenue | N/A |
| Profits | N/A |
| Key Investors | Project A, Revolut, Monzo, J.P. Morgan |
| Industry | Financial Services |
| Number of Employees | 11-50 |
Early History
Founded in 2025 by industry veterans from Revolut and Wise, Riva Money emerged from the need to address inefficiencies recognized in traditional cross-border payment systems. The founders applied their fintech expertise to create a dual-rail system that utilizes both blockchain technology and stablecoins, alongside traditional banking infrastructures. This approach was aimed at overcoming the limited transparency, inflated costs, and slow settlement times typical of legacy financial systems.
Company Profile and Achievements
Riva Money is a financial technology company specializing in B2B cross-border payments. With a business model that involves leveraging blockchain technology and stablecoins, the company aims to streamline the process of international money transfers. The dual-rail approach facilitates choosing the most efficient route for transactions, potentially either through traditional fiat channels or blockchain rails. Key achievements include:
- Raising $3 million in pre-seed funding for expanding its dual-rail payment system.
- Building a platform designed to process international B2B transactions instantly, with real-time tracking.
- Establishing a cross-border payment infrastructure catering to businesses of various sizes.
- Actively pursuing regulatory authorizations to ensure compliance and legitimacy across its operating regions.
Current Operations and Market Position
Riva Money is operating at the intersection of blockchain technology and traditional financial systems to offer a modernized, efficient, and cost-effective solution for international business payments. The company seeks to capture a significant portion of the $275 billion projected market for cross-border payments by 2030, aiming for a scalable global footprint in Europe, Asia, and North America. Riva's innovative approach provides a competitive edge in reducing costs and settlement times, addressing common cross-border payment challenges.
Conclusion
Riva Money stands as a pivotal player in the fintech landscape, utilizing blockchain technology and traditional payment systems to navigate and streamline cross-border transactions. Through strategic funding and development efforts, it continues to enhance its operational framework with the goal of offering fast, transparent, and cost-efficient payment routes. As global markets and regulatory frameworks evolve, Riva is well-positioned to capitalize on burgeoning opportunities in the digital finance sector by providing customer-centric solutions tailored to business needs in today's interconnected economy.