Alviere Raises $70M in Series A and B for Embedded Finance Expansion

Alviere, a New York-based fintech specializing in embedded finance, announced $70 million in funding on October 12, 2021, consisting of a $20 million Series A and a $50 million Series B follow-on. The funding was driven by the company's rapid traction with its embedded finance platform, The HIVE, which allows brands to offer FDIC-insured accounts, cards, money transfers, and loyalty programs via a single API. Proceeds will be used to accelerate product development and fund international expansion into European and Latin American markets.

The substantial funding round highlights growing investor appetite for embedded finance infrastructure providers that simplify the process for non-financial companies to offer banking services. Alviere's compliance, regulatory licensing, and AI-driven fraud detection capabilities were cited as key differentiators. The combined Series A and B raise is notable for the speed at which the company progressed through funding stages, reflecting strong market demand for BaaS solutions.