London's Riva Secures €2.5M Pre-Seed for Blockchain Payments

Riva Money, a London-based global payments firm, secured €2.5 million in pre-Seed funding. Project A led the round, with participation from angel investors. This investment supports Riva's blockchain-powered global money transfer solution.

Expanding Global Blockchain Payments

Riva Money addresses high costs and slow settlement times in cross-border payments. The company leverages blockchain technology, including stablecoins, to streamline international transfers. This approach aims to bypass traditional banking systems.

Founders Niklas Höjman and Mahendra Katoch established Riva in 2025. They previously worked at firms like Revolut and Wise, identifying inefficiencies in legacy payment systems. Their solution offers businesses faster, more transparent global money movement.

The €2.5 million Riva Money funding will fuel global expansion. Riva plans to roll out operations across Europe, Asia, and North America. Furthermore, the company will expand its engineering team.

Riva is actively pursuing regulatory authorizations. This includes payment institution licenses in the UK and EU, alongside MICA and VASP licenses in the EU and Switzerland. The global cross-border payments market is projected to reach €275 billion by 2030.

Angel investors from Monzo and J.P. Morgan also contributed to the pre-Seed round. Riva's platform routes transfers via blockchain or traditional fiat rails, depending on client needs. This dual approach ensures flexibility and efficiency.

Riva aims to build the next generation of payment services for businesses.