ZeroRisk has raised $10 million in Series A funding to expand its cybersecurity platform for payment providers and merchants, with the financing led by MiddleGame Ventures and participation from existing investor Elkstone.
The Dublin-based company plans to use the funding for global expansion, product development and operational capacity as it deploys its technology across larger merchant portfolios.
Founded in 2023, ZeroRisk gives banks, payment processors and other financial institutions a unified view of cybersecurity risk across the businesses they serve.
Its platform combines risk monitoring, compliance, cybersecurity education, guided remediation and protection services, while providing merchants with specific guidance on vulnerabilities and steps they can take to reduce risk.
ZeroRisk is already working with payment companies including Bank of America, Global Payments, Checkout.com and Trust Payments.
The company expects to triple revenue in 2026 as contracted programs move into deployment and its international customer base expands.
ZeroRisk is targeting a shift in merchant cybersecurity away from periodic compliance exercises toward ongoing monitoring and risk management.
Small businesses increasingly face threats including scams, stolen credentials, website vulnerabilities and attacks involving connected devices, creating risks beyond traditional annual compliance requirements.
The platform also enables payment processors to turn cybersecurity and compliance responsibilities into potential revenue opportunities by distributing additional protection services to merchants.
ZeroRisk currently operates in Ireland and the U.S., with offices in Dublin, Atlanta and Longford.
KEY QUOTES:
“Payment companies have spent years trying to manage merchant risk through annual compliance exercises. That is no longer enough. Their customers are dealing with scams, credential theft, website vulnerabilities and attacks on devices every day. Our job is to give payment providers visibility across the portfolio and give merchants a clear route to action.”
“ZeroRisk has moved from proving the product to deploying it at scale. This investment will allow us to expand the team, deepen the platform and support the payment providers that have chosen to build their next-generation of merchant cyber programmes with us.”
Gary Nolan, Co-Founder and CEO of ZeroRisk
“The ZeroRisk team brings a unique combination of commercial and technical expertise, reinforced by working hand-in-hand with leading payment providers. As former operators in the space, they understand the fundamental pain points firsthand and have built technology that transforms a critical financial services workflow, making it more intuitive and seamless for payment providers and merchants alike. We’re thrilled to be partnering with Gary and the team as they build the new standard for this critical function.”
Patrick Pinschmidt, Co-Managing Partner at MiddleGame Ventures
“Elkstone first backed ZeroRisk at seed stage when Gary and the team presented their compelling vision on where the merchant cybersecurity and compliance space was heading. The commercial progress in a short period of time has been impressive, and this Series A funding round further validates investor confidence that ZeroRisk can deliver transformational change in the sector globally. We are pleased to deepen our support alongside new investor MiddleGame Ventures.”
Niall McEvoy, Head of Venture at Elkstone
