Tim Draper Invests in Rise, Enabling Global Payroll to Surpass $1 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Yahoo Finance
Updated: Dec 27 2025- Bitcoin Pioneer: Tim Draper made headlines in 2014 by purchasing 30,000 BTC for $19 million, establishing himself as an early advocate for Bitcoin, which not only reflects his confidence in cryptocurrency but also set the stage for his subsequent investments.
- Payroll Milestone: Under Draper's investment, Rise has achieved a significant payroll milestone of $1 billion, demonstrating the effectiveness of its hybrid payroll model across over 190 countries and solidifying its market position in crypto payments.
- Global Payment Innovation: By facilitating payments in both fiat and cryptocurrencies like USDC and USDT, Rise addresses the challenges faced by companies in compensating dispersed teams globally, thereby enhancing recruitment and payment efficiency in the evolving global work landscape.
- Market Demand Insight: Draper emphasized that the doubling of payroll volume in just nine months indicates that Rise is effectively solving a real market pain point, highlighting the critical role of crypto payment services in modern globalized work environments and signaling a transformation in payment systems ahead.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
