ZeroRisk Raises $10 Million for Merchant Cybersecurity

ZeroRisk has raised $10 million in Series A funding to expand its merchant cybersecurity platform globally, develop new products and support deployments across large payment-provider portfolios. The round was led by MiddleGame Ventures, with participation from existing investor Elkstone. Founded in 2023, the Irish company provides banks and payment providers with a single view of cyber risk across their merchant portfolios. ZeroRisk expects to grow revenue threefold in 2026 as contracted programs move into deployment and its international customer base expands.

Scaling Merchant Risk Management

ZeroRisk brings risk monitoring, compliance, education, guided remediation and protection services together in one platform. Its model is designed to help merchants identify relevant cyber risks and take practical steps to address them, while allowing payment processors to distribute value-adding services to their merchant customers.

The company is already working with payment businesses including Bank of America, Global Payments, Checkout.com and Trust Payments. Its current operations span Ireland and the United States, with offices in Dublin, Atlanta and Longford.

Gary Nolan, Co-Founder and CEO at ZeroRisk, said:

“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.”

From Compliance to Deployment

Merchant cyber programs have traditionally centered on annual compliance exercises. ZeroRisk’s platform addresses a wider range of risks cited by the company, including scams, stolen credentials, website vulnerabilities, attacks on connected devices and business recovery following an incident.

The new capital is intended to expand the team, deepen the platform and build the operational capacity needed to serve major payment providers and their merchant networks.

Gary Nolan, Co-Founder and CEO at ZeroRisk, said:

“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.”

Investor Support for Global Growth

The funding will support ZeroRisk’s global expansion, further product development and the operational capacity required to deploy its platform across large merchant portfolios. Elkstone, which backed the company at seed stage, also participated in the Series A round.

Patrick Pinschmidt, Co-Managing Partner at MiddleGame Ventures, said:

“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.”

Niall McEvoy, Head of Venture at Elkstone, said:

“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.”

Expanding Platform Capacity

ZeroRisk serves customers in Europe and North America and aims to develop its presence in the emerging risk orchestration segment of the payment processing market. The Series A gives the company resources to extend product development and support more deployments with payment providers.