ZeroRisk Raises $10M for Merchant Cybersecurity Platform

Dublin-based cybersecurity innovator, ZeroRisk, has successfully closed a $10 million Series A funding round. The capital infusion, spearheaded by MiddleGame Ventures with participation from existing investor Elkstone, is earmarked for accelerating the company's global expansion, enhancing its product suite, and broadening the deployment of its merchant risk orchestration platform across major payment service providers.

Founded in 2023, ZeroRisk addresses a critical gap in the payments ecosystem by providing financial institutions and payment processors with a unified view of cybersecurity risks across their entire merchant base. The platform consolidates risk monitoring, compliance management, educational resources, remediation guidance, and protective services into a single, cohesive solution. This approach empowers merchants with actionable insights to mitigate threats specific to their operations, moving beyond traditional, often insufficient, annual compliance checks.

The market for merchant cybersecurity solutions is experiencing significant growth, driven by the increasing sophistication of cyber threats targeting businesses of all sizes. Traditional compliance-focused models are proving inadequate against a barrage of daily threats including phishing scams, credential theft, website vulnerabilities, and attacks on connected devices. ZeroRisk's platform is designed to tackle these evolving challenges, enabling payment providers to not only manage risk but also to transform compliance obligations into opportunities for delivering value-added services to their merchants.

ZeroRisk's technology is already being adopted by prominent players in the payment industry, including Bank of America, Global Payments, Checkout.com, and Trust Payments. The company anticipates a threefold increase in revenue for 2026, fueled by the ongoing deployment of contracted programs and the expansion of its international clientele. This growth trajectory underscores the increasing demand for proactive and comprehensive cybersecurity measures within the merchant services sector.

Gary Nolan, co-founder and CEO of ZeroRisk, emphasized the shift from product validation to large-scale deployment. "Payment companies have spent years trying to manage merchant risk through annual compliance exercises. That is no longer enough," Nolan stated. "Our investment will enable us to scale our team, deepen our platform's capabilities, and support the payment providers building their next-generation merchant cyber programs with us." The company currently operates in Ireland and the United States, with offices in Dublin, Atlanta, and Longford.

Patrick Pinschmidt, Co-Managing Partner at MiddleGame Ventures, highlighted the team's deep industry expertise. "The ZeroRisk team brings a unique combination of commercial and technical expertise, reinforced by working hand-in-hand with leading payment providers," Pinschmidt commented. "As former operators in the space, they understand the fundamental pain points firsthand and have built technology that transforms a critical financial services workflow." Niall McEvoy, Head of Venture at Elkstone, added, "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."