ZeroRisk, an Irish cybersecurity company founded in 2023, has raised $10 million in Series A funding to expand its merchant risk management platform across global payment providers. The round was led by MiddleGame Ventures, with existing investor Elkstone also participating, and will support product development and operational capacity for large merchant portfolios. The company gives banks and payment processors a unified view of cyber risk across their merchant networks.
A New Approach to Merchant Cyber Risk
ZeroRisk's platform integrates risk monitoring, compliance, education, guided remediation and protection services in one solution. Merchants receive clear guidance on the threats that matter to their business and the practical steps they can take to address them. The company argues that annual compliance exercises are no longer enough for smaller businesses dealing with scams, stolen credentials, website vulnerabilities and attacks on connected devices.
Funding to Accelerate Global Expansion
The Series A investment will allow ZeroRisk to expand its team, deepen its platform and support payment providers that are building next-generation merchant cyber programs. The company currently operates in Ireland and the United States, with offices in Dublin, Atlanta and Longford. Its technology also helps payment processors turn compliance responsibilities into revenue opportunities through the distribution of value-adding services to merchants.
Commercial Traction and Growth Outlook
ZeroRisk is already working with payment businesses including Bank of America, Global Payments, Checkout.com and Trust Payments. The company expects revenue to grow threefold in 2026 as contracted programs move into deployment and its international customer base grows. This commercial progress reflects a shift from proving the product to deploying it at scale.
Leadership Comments
Gary Nolan, co-founder and chief executive officer of ZeroRisk, said payment companies have spent years trying to manage merchant risk through annual compliance exercises, which is no longer enough. He explained that ZeroRisk has moved from proving the product to deploying it at scale. The investment will allow the company to expand its team and deepen the platform for payment providers building next-generation merchant cyber programs.
Investor Comments
Patrick Pinschmidt, Co-Managing Partner at MiddleGame Ventures, said the ZeroRisk team brings a unique combination of commercial and technical expertise. Niall McEvoy, Head of Venture at Elkstone, noted the company's impressive commercial progress since seed stage. Both investors expressed confidence that ZeroRisk can deliver transformational change in the merchant cybersecurity and compliance sector globally.
Building a New Standard for Payment Security
Traditionally, merchant cyber programs have focused on annual compliance exercises, but risks now extend well beyond compliance. ZeroRisk aims to dominate the emerging risk orchestration segment in the payment processing market by providing visibility across portfolios and clear action routes for merchants. The company plans to use the funding to support payment providers that have chosen to build their next-generation merchant cyber programs with its technology.
ZeroRisk's $10 million Series A round marks a significant step in its effort to reshape how payment providers manage cyber risk across merchant portfolios. With backing from MiddleGame Ventures and Elkstone, the company is positioned to expand globally and accelerate product development while supporting major payment businesses. Its progress in moving from product validation to large-scale deployment signals growing demand for a more integrated and actionable approach to merchant security.