Rise provides a web3-enabled platform for onboarding, paying, and managing independent contractors globally, utilizing automated compliance checks and secure on-chain professional identities. The solution addresses the complexities of international payroll by facilitating payments in over 90 local currencies and 100 cryptocurrencies while ensuring compliance with local regulations in 190 countries.
Funding
$6.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PCFounders
Product
Problem
Managing payroll for international contractors is complex, especially when dealing with varying local regulations, multiple currencies, and the growing demand for cryptocurrency payments. Traditional systems often lack the flexibility to handle both fiat and crypto, leading to inefficiencies and potential compliance issues.
Solution
Rise provides a platform for businesses to compliantly onboard, manage, and pay independent contractors globally, supporting both fiat and cryptocurrency payments. The platform automates compliance checks, generates professional agreements, and handles tax forms, reducing administrative overhead. Rise facilitates payments in over 90 local currencies and 100 cryptocurrencies, allowing contractors to withdraw earnings in their preferred method. By integrating with both traditional bank accounts and crypto wallets, Rise offers a streamlined solution for companies looking to scale their global workforce while ensuring compliance and flexibility.
Target Audience
Rise primarily targets Web3 startups, DAOs, and global agencies that require a compliant and efficient solution for managing and paying international contractors in both fiat and cryptocurrencies.
Features
- Automated onboarding and compliance checks, including KYC/AML verification
- Compliant agreement generation tailored to local regulations
- Flexible payment options, supporting over 90 fiat currencies and 100 cryptocurrencies
- Automated routing between fiat and crypto treasuries
- Support for various payment schedules, including milestones, recurring, hourly, and one-off payments
- Instant mass payouts to global teams
- Integration with Ethereum, Arbitrum, Polygon, Optimism, and Avalanche blockchains
- On-chain professional identities (Rise ID) for secure verification and transaction security