ChainCatcher news, according to Blockworks, Web3 payroll and compliance solution Rise Works has completed a seed round of financing, the amount of which has not been disclosed. Sino Global Capital and Polymorphic Capital co-led the round, with other participating investors including Draper Associates, Hashkey Capital, Paradigm Shift Capital, WW Ventures, P2P, and Cosmo Capital.Rise Works CEO Hugo Finkelstein stated that Rise Works is a cryptocurrency-native payment processor that aims to profit from the gaps left by the bankruptcy of TradFi banking. The company aims to bridge "Web 2.5" in a way that attracts both crypto-native companies and traditional firms. The startup's payroll solution is applicable to both fiat and cryptocurrency-based treasuries and their corresponding internal accounting systems. (Source link)