https://www.iotworldtoday.com/wp-content/themes/ioti_child/assets/images/logo/mobile-logo.png
  • Home
  • News
    • Back
    • Roundups
  • Strategy
  • Special Reports
  • Business Resources
    • Back
    • Webinars
    • White Papers
    • Industry Perspectives
    • Featured Vendors
  • Other Content
    • Back
    • Q&As
    • Case Studies
    • Features
    • How-to
    • Opinion
    • Podcasts
    • Strategic Partners
    • Latest videos
  • More
    • Back
    • About Us
    • Contact
    • Advertise
    • Editorial Submissions
  • Events
    • Back
    • Embedded IoT World (Part of DesignCon) 2022
Iot World Today
  • NEWSLETTER
  • Home
  • News
    • Back
    • Roundups
  • Strategy
  • Special Reports
  • Business Resources
    • Back
    • Webinars
    • White Papers
    • Industry Perspectives
    • Featured Vendors
  • Other Content
    • Back
    • Q&As
    • Case Studies
    • Features
    • How-to
    • Opinion
    • Podcasts
    • Strategic Partners
    • Latest videos
  • More
    • Back
    • About Us
    • Contact
    • Advertise
    • Editorial Submissions
  • Events
    • Back
    • Embedded IoT World (Part of DesignCon) 2022
  • newsletter
  • IIoT
  • Cities
  • Energy
  • Homes/Buildings
  • Transportation/Logistics
  • Connected Health Care
  • Retail
  • AI
  • Metaverse
  • Development
  • Security
ioti.com

Strategy


Embedded Finance Platform Company Raises $50M to Expand

Embedded Finance Platform Company Raises $50M to Expand

Embedded finance protocols connect existing banking and payments to external ecosystems such as Internet of Things (IoT) devices.
  • Written by Callum Cyrus
  • 19th October 2021

A New York-based embedded finance platform company has raised $50 million in a series B funding round.

The financing for platform company Alviere came from existing investors Viola Ventures, Viola Fintech CommerzVentures and North Coast Ventures and included Opera Tech Ventures, the venture capital arm of BNP Paribas.

This capital is intended to be used to accelerate go-to-market plans and expand beyond North America to Europe and Latin America.

The investment follows a series A round from April 2021, which was led by Viola Ventures and Viola Fintech, with participation by CommerzVentures, Mitsubishi Capital Corporation, Wix.com Capital, Draper Triangle Ventures, Cross River Bank Capital and CERCA Partners.

Embedded finance protocols connect existing banking and payments to external ecosystems such as Internet of Things (IoT) devices.  In the case of Alviere’s Hive brand, this includes currency exchange to retailer gift cards, savings bank accounts and international money transfers.

“The embedded finance revolution is shifting the face of banking, lending and insurance away from traditional centralized big players to new entrants, led by established consumer brands and enterprises.” said Omry Ben David, general partner at Viola Ventures.

Tags: Strategy Strategy

Related


  • cisco image
    4 Keys to Managing IT Remotely
    The advantages of a well-designed remote IT management solution become indispensable once it enables MSPs and IT departments to do all of the following remotely: Run and maintain IT infrastructure to significantly reduce the average ticket response time Perform maintenance tasks during off hours to avoid interrupting employees Be proactive instead of reactive by keeping […]
  • Businesses Prepare for ‘Hybrid’ Workforces with New Policies and Tech Infrastructure
    TeamViewer commissioned an independent market research firm to survey a random sample of 200 managers, directors, VPs and higher working in the legal, finance, marketing, HR, customer support, sales, IT, and facilities departments of their organizations covering 13 different industries ranging from professional services to retail, travel and hospitality, and more. The study took place […]
  • How Remote Access Helps Enterprises Improve IT Service and Employee Satisfaction
    The amount of people who work remotely at least once per week has grown by 400 percent since 2010. The benefits are clear to productivity, employee retention, and the bottom line. Support technicians need to be prepared to assist more end users than ever. In this eBook, you’ll discover how enterprise support technicians are using […]
  • IoT Connectivity Buyer's Guide
    Getting your first few connected devices to market can feel like a monumental accomplishment. Scaling your deployment to thousands, tens of thousands, and hundreds of thousands of devices introduces a whole new set of challenges from: growing your service delivery and support teams, to introducing new and more advanced products and features, to managing costs […]

Leave a comment Cancel reply

-or-

Log in with your IoT World Today account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Content

  • The IT and OT Convergence: New Benefits and Considerations
  • Transforming Data with Predictive Analytics
  • Africa’s IoT ‘Uber for Tractors’ Highlighted at Evolution Expo
  • Open Source Tools for the IoT Ecosystem

Roundups

View all

IoT Product Roundup: PTC, Nokia, Arm and More

19th May 2022

IoT Deals, Partnerships Roundup: Intel, Nauto, Helium and more

14th May 2022

IoT Product Roundup: Amazon, Synaptics, Urban Control and More

27th April 2022

White Papers

View all

The Role of Manufacturing Technology in Continuous Improvement Ebook

6th April 2022

IIoT Platform Trends for Manufacturing in 2022

6th April 2022

Latest Videos

View all
Dylan Kennedy of EMQ

Embedded IoT World 2022: Dylan Kennedy of EMQ

Dylan Kennedy, EMQ’s VP of global operations, sat down with Chuck Martin at Embedded IoT World 2022.

Embedded IoT World 2022: Omdia’s Sang Oh Talks Vehicle Chip Shortage

Omdia’s automotive semiconductor analyst sits down with Chuck Martin at this year’s event

E-books

View all

How Remote Access Helps Enterprises Improve IT Service and Employee Satisfaction

12th January 2022

An Integrated Approach to IoT Security

6th November 2020

Webinars

View all

Rethinking the Database in the IoT Era

18th May 2022

Jumpstarting Industrial IoT solutions with an edge data management platform

12th May 2022

AI led Digital Transformation of Manufacturing: Time is NOW

9th December 2021

Special Reports

View all

Omdia’s Smart Home Market Dynamics Report

7th January 2022

Cybersecurity Protection Increasingly Depends on Machine Learning

28th October 2020

IoT Security Best Practices for Industry and Enterprise

20th October 2020

Twitter

IoTWorldToday, IoTWorldSeries

The U.S. Army is getting a 5G boost for #AR #VR capabilities from #5G network provider @OceusNetworks.… twitter.com/i/web/status/1…

24th May 2022
IoTWorldToday, IoTWorldSeries

@IoTWorldSeries and The #AISummit will be hosted this year in Silicon Hills, the tech hub of Austin, Texas. Acces… twitter.com/i/web/status/1…

24th May 2022
IoTWorldToday, IoTWorldSeries

Hannover Messe 2022: @BoschGlobal,@BostonDynamics robotics showcased. @hannover_messe dlvr.it/SQzhr1 https://t.co/vHWRmsIGcm

24th May 2022
IoTWorldToday, IoTWorldSeries

📣JUNE DIGITAL SYMPOSIUM Drive your strategy forward and stay on the #Healthcare and #IndustrialIoT pulse with key… twitter.com/i/web/status/1…

24th May 2022
IoTWorldToday, IoTWorldSeries

Hyundai Investing $5B on Autonomous Driving and Robotics dlvr.it/SQzfZh https://t.co/1Jyr4Xlord

24th May 2022
IoTWorldToday, IoTWorldSeries

Partner with @IoTWorldToday to reach your prospects and accomplish your goals in 2022. Download our 2022 IoT Mark… twitter.com/i/web/status/1…

24th May 2022
IoTWorldToday, IoTWorldSeries

Explore Emerging Tech For Enterprises at @TechXLR8 2022 this June ➡️ Join us from 1-3 June in harnessing the pow… twitter.com/i/web/status/1…

24th May 2022
IoTWorldToday, IoTWorldSeries

Clearview AI has been fined $9.4 million for collecting images of people from social media platforms to add to its… twitter.com/i/web/status/1…

24th May 2022

Newsletter

Sign up for IoT World Today newsletters: vertical industry coverage on Tuesdays and horizontal tech coverage on Thursdays.

Special Reports

Our Special Reports take an in-depth look at key topics within the IoT space. Download our latest reports.

Business Resources

Find the latest white papers and other resources from selected vendors.

Media Kit and Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • IoT World Series
  • Channel Futures
  • RISC-V
  • Dark Reading
  • ITPro Today
  • Web Hosting Talk

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Login/Register

FOLLOW IoT World Today ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookies Policy
  • Terms
Copyright © 2022 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X