# River Search

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/river-search

- Industry: Internet
- Headquarters: New York, US
- Website: www.river.app
- Total disclosed funding: $10M
- Latest round: Series A (Oct 15, 2020)
- Investors on record: 4

## About

River Search, Inc. operates a payments platform that enhances global money movement for businesses through stablecoins, streamlining transactions and compliance for users worldwide.River Search, Inc. is focused on providing a payments platform that facilitates international business transactions. Founded by Jeremy Fisher and Lev Brie, the company is headquartered in New York, US. In October 2020, River Search raised USD 10.4 mn in Series A funding, led by investors Founders Fund, .406 Ventures, BoxGroup, and Raised in Space.River App offers a comprehensive payments platform designed for global money movement using stablecoins. The platform allows users to issue virtual accounts for receiving payments from various sources worldwide and simplifies the processes of off-ramps, liquidity handling, AML compliance, and FX rates. Catering to both B2B and B2C transactions, River App operates in over 40 countries, serving a diverse clientele including freelancers and remote companies.River App generates revenue through transaction fees incurred during fund transfers on its platform. For example, when a customer transfers USD 25.5, the platform charges a fee while the recipient receives the equivalent in their local currency at competitive rates. The pricing structure is transparent, with no hidden fees, and the flagship offerings include USD and EUR virtual accounts that enhance user transactions.Following its most recent funding round in October 2020, River Search, Inc. plans to expand its product offerings and enhance its payments platform. This will include the introduction of new features aimed at improving user experience. The funding of USD 10.4 mn will support these developments as well as facilitate expansion into additional markets. River Search is targeting growth in regions where digital payment solutions are increasingly in demand.

## Funding rounds

- Series A, Oct 15, 2020, $10M — Founders Fund, .406 Ventures, BoxGroup, Raised in Space

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Series A
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Series A
- Raised in Space — Series A