# Alviere

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alviere

- Industry: Financial Services
- Headquarters: Denver, US
- Website: www.alviere.com
- Total disclosed funding: $81M
- Latest round: Series B (Oct 18, 2021)
- Investors on record: 11

## About

Alviere is a U.S.-based company that operates in the embedded finance sector, providing innovative financial solutions that empower businesses to offer tailored financial products to their customers. Founded in 2020 and headquartered in New York, Alviere specializes in embedded finance, enabling enterprises to seamlessly integrate financial products into their services. The company has completed 5 deals, with the latest being an undisclosed amount of venture funding from Deel, Inc. in May 2024. Alviere specializes in embedded finance solutions that enable enterprises to offer a range of financial products to their customers. The company's core offerings include white-label branded debit cards, co-branded credit card programs, virtual accounts, and cross-border remittance services. These products are designed to enhance customer engagement, improve loyalty, and generate new revenue streams for businesses across various sectors, including retail, travel, hospitality, and financial services. For instance, branded debit cards keep customers connected to companies during their travel experiences, while co-branded credit cards offer unique rewards without the barriers of credit checks. Alviere's solutions are available in multiple geographical markets, focusing on expanding access to financial services in the U.S. and beyond, particularly in regions where businesses face challenges in accessing traditional banking systems. Alviere generates revenue through a combination of transaction fees, subscription models, and partnerships with enterprises looking to integrate financial services into their offerings. For example, a retail client may partner with Alviere to offer branded debit cards, leading to revenue through transaction fees each time a cardholder makes a purchase. In this scenario, the retailer benefits from increased customer loyalty and engagement, while Alviere collects a fee for facilitating the financial transactions. The revenue structure is designed to support both B2B relationships and direct-to-consumer models, optimizing the financial flows for clients while providing added value to end-users. Alviere’s flagship products, including its HIVE platform for embedded financial services, play a significant role in this revenue generation strategy, enhancing the overall ecosystem for businesses and their customers. The company will use the May 2024 funding to help global firms hire and pay workers in the US.

## Funding rounds

- Series B, Oct 18, 2021, $0.6M — Mitsubishi UFJ Capital
- Series B, Oct 12, 2021, $50M — Viola Group, Commerzbank, North Coast Ventures, Opera Tech Ventures
- Series A, Apr 1, 2021, $20M — Magarac Venture Partners, Viola Group, Commerzbank, Mitsubishi UFJ Capital, Cerca Partners, Cross River
- Series A, Jun 13, 2018, $10M — Magarac Venture Partners, Ohio Innovation Fund, JumpStart, North Coast Ventures, Draper

## Investors

- Magarac Venture Partners (https://capitalatlas.ai/funds/magarac-venture-partners) — Series A
- Ohio Innovation Fund (https://capitalatlas.ai/funds/ohio-innovation-fund) — Series A
- JumpStart (https://capitalatlas.ai/funds/jumpstart) — Series A
- North Coast Ventures (https://capitalatlas.ai/funds/north-coast-ventures) — Series A, Series B
- Draper (https://capitalatlas.ai/funds/draper) — Series A
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series A, Series B
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series A, Series B
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A, Series B
- Cerca Partners (https://capitalatlas.ai/funds/cerca-partners) — Series A
- Cross River — Series A
- Opera Tech Ventures (https://capitalatlas.ai/funds/opera-tech-ventures) — Series B