Rizon Secures $2M Pre-Seed to Expand Global Digital Dollar Banking

Rizon, active in 122 countries with 170,000+ installs, offers accessible digital dollar banking. Its $2M pre-seed funding from Market One Capital will accelerate global expansion and support borderless payments for freelancers and remote workers.

Rizon was launched just five months ago and is active in 122 countries, with more than 170,000 app installs. Transaction volume is growing 245% month-over-month, and user retention is much higher than industry benchmarks – more than a third of users return within the first week, and over 49% remain active after 30 days.

“Banking is going through a change that’s similar to what happened with entertainment when Netflix moved movies from siloed physical formats into the cloud,” says Ignas Survila, CEO and Co-Founder of Rizon. “We’re more convinced than ever that the global demand for accessible, dollar-based banking services is significantly larger than anticipated. Our mission is to make digital dollars accessible and spendable by everyone, no matter where they live. And we’re incredibly fortunate to work with partners who support our vision”.

The $2M investment comes from Market One Capital, a Polish venture capital firm that has been investing in startups for over 10 years and has backed more than 80 companies, including three unicorns. The firm focuses on pre-seed and seed investments in what it describes as the “platforms of tomorrow”.

“Digital dollars have been booming in popularity, but until now, using them in everyday life was surprisingly hard,” said Jacek Lubiński, Partner at Market One Capital. “We believe that in the next decade, we’ll see several billion-dollar or even trillion-dollar companies built around global dollar banking. From what we see, Rizon may well be among the first of them – they have a unique and deeply user-centric distribution approach, and they’ve already shown early proof of successful execution. That’s what made us want to get involved.”

Rizon is used by solopreneurs, freelancers, and remote workers across the globe. Many are employed by U.S. companies that pay them in digital dollars through payroll providers like Deel. Rizon also solves the problem of hefty foreign transaction fees – a recent case study highlights how Rizon helped a user retain more of their business profits by settling bills and transfers through the app. 

The value of borderless digital dollars is becoming widely recognized, and Rizon is making them instantly usable worldwide. The $2M pre-seed funding from Market One Capital will help Rizon expand into new markets and grow their user base further.