Rizon, a dollar banking alternative for the global population, successfully raised USD 2 million in a pre-seed round led by the Polish venture firm Market One Capital.
The company, which is accessible anywhere with a smartphone, has gone live in 122 countries within five months of its launch and has over 100,000 users. It focuses on providing customers with the ability to save, spend, invest and send dollars across the globe with ease, helping them avoid high fees and making digital dollars instantly usable in everyday life.
The capital raised in the pre-seed round will help Rizon grow its global user base and expand into countries where reliable dollar banking is still inaccessible or limited.
During the successful pre-seed raise, Rizon was advised by the COBALT team, led by Partner Akvilė Bosaitė and Senior Associate Andrius Ankštutis.
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