Led · Series A · Jan 2024

Rivero, founded in 2019 and led by CEO Thomas Müller, builds payment operations software for players across the payments ecosystem, including issuing and acquiring banks. Its product suite includes Kajo, which helps navigate current and upcoming compliance obligations with payment networks, and Amiko, which manages fraud recovery and dispute processes end-to-end digitally. The company intends to use its recent funding to accelerate growth into new markets and to invest in product development and hiring. Rivero positions itself as a compliance- and operations-focused vendor that streamlines manual workflows in payments. The article includes no revenue or user metrics.

Led · Series B · Sep 2023

Commsignia is a Santa Clara–based provider of vehicle-to-everything (V2X) software and hardware that combines intelligent transport systems and advanced driver assistance technology. Its core products and services enable real-time sensor sharing between vehicles and roadside equipment to improve road safety and traffic efficiency for drivers, pedestrians and cyclists. The company supplies road owners and operators with traffic insights from connected sensors and cameras and helps automotive, micromobility and bicycle manufacturers integrate V2X capabilities. Commsignia has deployed V2X across hundreds of intersections in the United States, Europe and Asia and collaborates with automakers including Volkswagen, Audi of America and Ford. It maintains a presence in automotive hubs in the US, Germany and South Korea and participates in multiple research partnerships with OEMs. Led by CEO Szabolcs (Szabi) Patay, the company plans to use recent funding to expand into new markets and geographies. Commsignia develops V2X technologies including automotive OEM integrated software for connectivity, security and applications, as well as aftermarket onboard units (OBUs) and roadside units (RSUs). Led by CEO Jozsef Kovacs, the company supplies V2V and V2I solutions for next-generation autonomous vehicles and smart mobility ecosystems. Its technologies connect vehicles with each other and with smart city infrastructure to enable autonomous vehicle functions and to improve road safety and traffic efficiency. Commsignia is a partner of several automotive suppliers and participates in large deployments, including the largest urban V2X infrastructure covering over 100 intersections in Las Vegas. Additional deployments using the company’s solutions operate in the US, Asia and Europe. The company closed an $11M funding round and intends to use the funds to strengthen R&D capabilities and expand its team for customer engagements. Commsignia is a Santa Clara, California–based developer of Cooperative Intelligent Transportation Systems (C-ITS), led by CEO Jozsef Kovacs. The company researches, develops, manufactures and distributes V2V, V2P and V2I communication technologies and sells hardware plus a media‑agnostic communication and application platform supporting DSRC, LTE and 5G networks. It targets automotive and smart infrastructure customers, has established partnerships with automotive manufacturers, and participates in smart city deployments in the US and Europe. Commsignia operates a subsidiary, Commsignia Ltd., which was founded by Hungarian founders Jozsef Kovacs, Laszlo Virag and Andras Takacs, and maintains an engineering team based in Budapest. The team manages customer relationships and project delivery in more than 15 countries on four continents. The company closed a financing round of undisclosed amount co‑led by OTP‑Day One Seed Fund and Credo Ventures and plans to use the proceeds to expand the team and open field offices in major automotive regions.

Participated · Seed · Jan 2023

Sprinque provides a white-label pay-by-invoice solution that merchants can embed via API plugins (Magento, Prestashop, WooCommerce). The platform performs instant fraud and credit risk assessments (reported +90% approval rate) and issues revolving credit lines buyers can use for multiple purchases. Sprinque takes on defaults and fraud risk and pays merchants when the final invoice is issued, automating the end-to-end pay-by-invoice process. Its offering is positioned to raise conversion and retention for B2B e-commerce sellers. The company cites strong market tailwinds as B2B payments topped an estimated $900 billion in 2021 and are forecast to exceed $1.6 trillion by 2028. Reported plans include further expansion of the pay-by-invoice solution across Europe and in core merchant markets of Germany, Spain, and the Netherlands. Sprinque provides a white-labeled B2B payments platform that lets merchants and marketplaces offer Pay by Invoice with net payment terms online without taking on additional risk or increasing operational overhead. On the buyer end the platform performs real-time fraud and credit risk assessments and achieves a +95% approval rate when buyers create accounts or select Pay by Invoice at checkout. When approved, Sprinque issues a revolving credit line that buyers can use for multiple purchases and pays the merchant when the final invoice is issued, assuming the default risk. The solution can be fully embedded via APIs and through Magento, Prestashop and WooCommerce plugins, or operated offline via a Merchant Control Center. The company is led by CTO Manoj Tutika, CPO Mark Holleman, and CEO Juan Espinosa. Sprinque intends to use the new funding to expand its Pay by Invoice solution across Europe. Sprinque offers a digital checkout infrastructure that aims to make B2B transactions as frictionless as consumer e‑commerce, delivered as a single‑integration SaaS. Its checkout supports business-specific options such as net 30/60/90 terms, split payments, milestone payments and Pay by Bank. The platform automates payment workflows and includes an option for merchants to get instantly paid. The team positions the product to serve B2B marketplaces and merchants moving to digital channels, citing rapid marketplace growth in Europe. Sprinque was founded in 2021 by Juan Espinosa (CEO), Manoj Tutika (CTO) and Mark Holleman (CPO), who met at Antler Amsterdam. The company has a waiting list of prospective clients and plans to use the funding to build out the product and onboard those first customers.

Led · Series A · Nov 2021

Pomelo Pay provides a payments platform that lets businesses take payments from anyone, anywhere, without hardware, and offers integrations with more than 30 payment networks. Its platform is used by banks and non-banking financial institutions to improve acquiring and offer broader payment-acceptance solutions. Launched in 2018 in the UK and Singapore and led by CEO Vincent Choi, the company has a regional headquarters in Singapore and an expanded presence across Europe and Asia. Pomelo is a Mastercard principal issuing member, authorized to issue payment cards to SME customers and make direct settlements with Mastercard. The company processed over US$500m in total payments in 2021 and projected fivefold growth by 2022. It plans to use newly raised funds to expand across global markets and to double its workforce in London, Singapore, Vietnam, Thailand and the Philippines. Pomelo Pay is a hardware-free digital payment service provider that enables businesses to take digital payments without dedicated terminals. Its system combines QR code, API and NFC technology to support in-person payments, payment links, online shops, contactless table ordering and menu makers. The company serves customers across sectors including construction and trades, food and drink, and travel and hospitality. Led by CEO and co‑founder Vincent Choi, Pomelo Pay has offices in London and Singapore and plans to expand its presence across Europe and Asia. It intends to use the £2.1m seed funds to grow its offering, expand its team and build on its international reach. In September it was selected to join Tech Nation’s Fintech 3.0 growth programme for UK fintechs.