Elevator Ventures joins Rivero as a strategic investor to open doors across Central and Eastern Europe

We're excited to welcome Elevator Ventures, the corporate venture capital fund of Raiffeisen Bank International (RBI), as a strategic investor in Rivero. For us, this is about more than capital. Elevator Ventures brings a network across European banking, and particularly across Central and Eastern Europe, that will help us bring our payment operations technology to many more banks and financial institutions.

Why a strategic investor, and why now

Rivero was built to bring intelligence and automation to some of the most complex operational challenges in payments. As we grow across Europe, building great technology is only part of the job. We also need to earn our place in the wider European banking ecosystem, and that means working with partners who understand how banks buy, operate and stay compliant. Elevator Ventures does exactly that. Through its relationship with RBI Group and its network across Central and Eastern Europe, the team has built deep experience supporting technology companies that serve financial institutions and helping them navigate and expand within European banking markets. Elevator Ventures manages funds of more than €100 million, invests in Series A rounds across DACH and CEE, and has backed 23 companies to date.

Thomas Müller, CEO at Rivero, said:

"Europe's financial institutions are looking for better ways to manage increasingly complex payment operations, and we see significant opportunity to bring Rivero's technology to many more institutions across the continent. As we enter this next stage of growth, we want investors around the table who understand both the complexity of banking and the markets in which we operate. Elevator Ventures' financial services expertise and particularly strong network across Central and Eastern Europe make them a highly relevant strategic partner for Rivero."

What this means for the banks we work with

The investment builds on our growth strategy following our Series A financing. We'll keep investing in our two products and deepening our relationships with financial institutions in existing and new European markets.

• Kajo simplifies payment network compliance. It automatically distributes scheme updates, gives teams at-a-glance oversight and turns fragmented payment network documents and requirements into an AI-powered knowledge directory.
• Amiko brings agentic AI to dispute management and fraud recovery. It triages cases, coordinates the next best actions and automates dispute workflows from intake to resolution, while guiding agents through the complex cases that need a human specialist. Institutions recover funds faster, cut operational effort and give cardholders a better experience.

Maximilian Schausberger, Managing Director at Elevator Ventures, said:

"Rivero addresses a set of operational challenges that are becoming increasingly important for banks and payment institutions across Europe. The team combines deep payments expertise with technology designed specifically for the requirements of regulated financial institutions. We see a strong fit between Rivero's ambitions and our experience and network across European banking, and we look forward to supporting the company in its continued expansion."

Where we're heading

Our ambition is to become a leading European technology platform for payment operations, helping financial institutions manage complex regulatory and operational processes with greater efficiency and scale. Having Elevator Ventures alongside us, with its reach into Central and Eastern European banking, brings that a big step closer.

If you're a bank, issuer or payment institution in the region and want to see how Kajo or Amiko could work for your team, get in touch at hello@rivero.tech.

About Rivero

Rivero is a European payment operations technology company helping banks and financial institutions simplify complex payment processes. Its product suite includes Kajo, for payment network compliance, and Amiko, for dispute management and fraud recovery. Headquartered in Zurich, Rivero works with banks and financial institutions to replace complex, manual payment operations with modern, scalable technology.

For more information visit, https://rivero.tech/

About Elevator Ventures

Elevator Ventures is the venture capital fund backed by Raiffeisen Bank International, Raiffeisen-Holding Niederösterreich-Wien and Raiffeisen-Landesbank Steiermark. It manages funds of more than €100 million to support the growth of technology companies in fintech and beyond banking, investing in Series A rounds in DACH and CEE. To date it has deployed over €60 million across 23 companies, with seven exits, and into two additional funds.

For more information visit, https://www.elevator-ventures.com/