Rivero, a Zurich-based payment operations technology company, has secured a strategic investment from Elevator Ventures, the corporate venture capital fund of Raiffeisen Bank International. The partnership is intended to accelerate Rivero's expansion across European banking markets, with particular emphasis on Central and Eastern Europe. Financial terms of the investment were not disclosed.
Strategic Backing With Deep Banking Networks
Elevator Ventures is backed by Raiffeisen Bank International, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark. The venture capital fund focuses on Series A investments in fintech and adjacent technology companies across the DACH region and Central and Eastern Europe. It manages more than €100 million and has deployed over €60 million across 23 companies, with 7 exits to date.
Why Rivero Pursued a Strategic Partner
For Rivero, the investment is about more than capital. The company views Elevator Ventures as a partner that understands how banks purchase, operate, and remain compliant, and it brings a network that spans European banking. Rivero was built to bring intelligence and automation to complex operational challenges in payments, and this collaboration is expected to strengthen its place in the European banking ecosystem.
Payment Operations Product Suite
Rivero's product suite includes Kajo and Amiko, two tools designed for the regulatory requirements of banks and payment institutions. Kajo simplifies payment network compliance by distributing scheme updates and turning fragmented documents and requirements into an AI-powered knowledge directory. Amiko applies agentic AI to dispute management and fraud recovery, automating workflows from intake to resolution while guiding agents through complex cases.
Leadership Views on the Partnership
Thomas Müller, CEO at Rivero, said European financial institutions are looking for better ways to manage increasingly complex payment operations. He noted that Rivero sees significant opportunity to bring its technology to more institutions across the continent. Müller described Elevator Ventures' financial services expertise and strong Central and Eastern European network as highly relevant for the company's next stage of growth.
What the Investment Means for Expansion
Maximilian Schausberger, Managing Director at Elevator Ventures, said Rivero addresses a set of operational challenges that are becoming increasingly important for banks and payment institutions across Europe. He highlighted the company's combination of deep payments expertise and technology designed for regulated financial institutions. Schausberger added that Elevator Ventures sees a strong fit between Rivero's ambitions and its own experience and network across European banking.
European Expansion Plans
The investment builds on Rivero's growth strategy following its Series A financing. Rivero plans to continue investing in Kajo and Amiko while deepening relationships with financial institutions in existing and new European markets. The company's ambition is to become a leading European technology platform for payment operations, helping institutions manage regulatory and operational processes with greater efficiency and scale.
About the Companies
Rivero is headquartered in Zurich and works with banks and financial institutions to replace complex, manual payment operations with modern, scalable technology. Elevator Ventures is the venture capital fund backed by Raiffeisen Bank International, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark. The fund supports technology companies in fintech and beyond banking, investing in Series A rounds across the DACH region and Central and Eastern Europe.
The strategic backing from Elevator Ventures gives Rivero both capital and a stronger connection to European banking networks. It reflects rising demand for automation and intelligence in payment operations as regulatory complexity continues to grow. Rivero's next phase will test whether its products can gain broader adoption across the DACH region and Central and Eastern Europe.