Ripple 200m series tetragon3/11/2023 Xpring offers services, tools, and programs that make it easier for the developers to send and receive payments in any currency, across any of the networks, using the XRP ledger and InterLedger Protocol. Ripple has a post-money valuation in the range of 10B+ as of Dec 20, 2019, according to PrivCo. Azure Ventures Group and 10X Capital are the most recent investors. Their latest funding was raised on from a Series B round. Rippe also announced updates on its Xpring turning the offering into open the open developer platform. Ripple has raised a total of 293.8M in funding over 14 rounds. Banks and payment providers can also use the digital asset XRP to reduce their costs further and access some of the new markets. ![]() The funding round raised a total of 200 million, bringing Ripple’s value at the time to an estimated 10 billion. SBI Holdings, a Japanese financial company that was already in a joint venture with Ripple at the time (namely SBI Ripple Asia), also participated. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019."īy joining the RippleNet, the financial institutions can process their customer payments anywhere in the world instantly, cost-effectively and reliably. Tetragon was among the leading investors in Ripple’s Series C round back in 2019. Outside the Series C funding the company achieved in 2019, the company managed to grow its RippleNET payment network to over 300 clients in 2019. Tetragon led the Series C with participation from Route 66 Ventures and SBI Holdings. Landmark achievements Ripple experienced in 2019. Ripple CEO, Brad Garlinghouse, said, "We are in a strong financial position to execute against our vision. The new stakeholders will further provide invaluable industry insight and expertise as Ripple grows its business to become a global brand. The company plans to use the funds to expand operations, adoption of its technology and of digital asset XRP and the XRP ledger, and of Xpring, notes the announcement. Other investment participants include Route 66 Ventures and SBI Holdings. Back in December 2019, Ripple raised 200 million in a Series C funding round with Tetragon Financial Group, a United Kingdom-based investment firm, acting as the lead investor alongside SBI. The latest funding round was led by the Tetragon. We are in a strong financial position to execute against our vision. Japan’s SBI Holdings and VC firm Route 66 Ventures also participated, Ripple announced on Friday. Ripple, a San Francisco-based blockchain Fintech Company, has recently secured $200 million in the funding round of Series C. Blockchain-based payments firm Ripple has raised 200 million in a Series-C funding round led by alternative asset investment firm Tetragon.
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