Rise Works Romania is fully owned by Delaware-based Rise Works, Inc. and its core activity is the development of on-demand software. Hugo Elie Finkelstein, co-founder and CEO of Rise Works, was appointed administrator of the Romanian subsidiary
Rise Works Romania has a share capital of RON200 and is headquartered in Bucharest’s sector 3.
Data on the company’s website shows that Rise provides onboarding, payroll and compliance services for contractors and employees across more than 190 countries, with payments in local currency, stablecoins, or crypto all without setting up local entities or getting buried in compliance paperwork. Rise Works is registered as Money Service Business in the United States of America.
According to a press statement published on the company’s website in November 2024, Rise closed a Series A funding round worth $6.3 million, led by Draper Associates and Polymorphic Capital, with the participation of DCG, JAM Fund, Ryze Labs and Paradigm Shift Capital. The company’s total financing reached $10.1 million.